Barratt Developments plc (BDEV) Stock Rating Reaffirmed by Peel Hunt
Barratt Developments plc (LON:BDEV)‘s stock had its “add” rating reaffirmed by analysts at Peel Hunt in a note issued to investors on Wednesday. They currently have a GBX 670 ($8.81) price objective on the real estate development company’s stock. Peel Hunt’s price target indicates a potential upside of 7.03% from the stock’s current price.
Several other brokerages have also recently weighed in on BDEV. Credit Suisse Group reaffirmed an “outperform” rating and issued a GBX 702 ($9.23) price target on shares of Barratt Developments plc in a research report on Thursday, October 26th. Barclays PLC lowered their price target on shares of Barratt Developments plc from GBX 712 ($9.36) to GBX 710 ($9.34) and set an “overweight” rating for the company in a research report on Monday, October 30th. Shore Capital reaffirmed a “sell” rating on shares of Barratt Developments plc in a research report on Wednesday, November 8th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Barratt Developments plc in a research report on Monday, November 6th. Finally, Liberum Capital reaffirmed a “sell” rating and issued a GBX 537 ($7.06) price target on shares of Barratt Developments plc in a research report on Wednesday. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of GBX 656.64 ($8.64).
Shares of Barratt Developments plc (BDEV) opened at GBX 624.50 ($8.21) on Wednesday. Barratt Developments plc has a 12-month low of GBX 450.60 ($5.93) and a 12-month high of GBX 705.50 ($9.28).
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Barratt Developments plc Company Profile
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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