Beaufort Securities Raises Barratt Developments Plc (BDEV) Price Target to GBX 675
Barratt Developments Plc (LON:BDEV) had its price objective hoisted by investment analysts at Beaufort Securities from GBX 650 ($8.39) to GBX 675 ($8.72) in a research note issued on Thursday. The brokerage currently has a “buy” rating on the real estate development company’s stock. Beaufort Securities’ target price would indicate a potential upside of 12.69% from the company’s previous close.
A number of other analysts have also weighed in on the company. HSBC Holdings plc increased their target price on Barratt Developments Plc from GBX 598 ($7.72) to GBX 666 ($8.60) and gave the stock a “buy” rating in a research note on Tuesday, May 16th. Shore Capital reiterated a “sell” rating on shares of Barratt Developments Plc in a research note on Wednesday, July 12th. Jefferies Group LLC increased their target price on Barratt Developments Plc from GBX 706 ($9.12) to GBX 735 ($9.49) and gave the stock a “buy” rating in a research note on Monday, June 26th. Liberum Capital reiterated a “sell” rating and issued a GBX 537 ($6.94) target price on shares of Barratt Developments Plc in a research note on Friday, August 4th. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a GBX 703 ($9.08) target price on shares of Barratt Developments Plc in a research note on Monday, July 3rd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of GBX 645.92 ($8.34).
Shares of Barratt Developments Plc (LON BDEV) traded down 1.56% on Thursday, hitting GBX 599.00. 2,938,386 shares of the company traded hands. The stock’s market capitalization is GBX 6.02 billion. Barratt Developments Plc has a 1-year low of GBX 430.40 and a 1-year high of GBX 630.78. The firm’s 50 day moving average price is GBX 609.89 and its 200-day moving average price is GBX 579.93.
Barratt Developments Plc (LON:BDEV) last released its earnings results on Wednesday, September 6th. The real estate development company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.01. Barratt Developments Plc had a return on equity of 12.94% and a net margin of 14.29%. On average, equities research analysts expect that Barratt Developments Plc will post $63.44 earnings per share for the current year.
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About Barratt Developments Plc
Barratt Developments PLC is a holding company. The Company is principally engaged in acquiring and developing land, planning, designing and constructing residential property developments and selling the homes, which it builds throughout Britain. The Company operates in two segments: Housebuilding and Commercial developments.
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