Barratt Developments (BDEV) Price Target Raised to GBX 785 at Deutsche Bank

Barratt Developments (LON:BDEV) had its price objective lifted by Deutsche Bank from GBX 768 ($10.29) to GBX 785 ($10.51) in a note issued to investors on Thursday. The brokerage currently has a “buy” rating on the real estate development company’s stock. Deutsche Bank’s target price would suggest a potential upside of 29.54% from the stock’s current price.

A number of other analysts also recently commented on the company. J P Morgan Chase & Co reissued a “neutral” rating and issued a GBX 620 ($8.30) price objective on shares of Barratt Developments in a research note on Friday, September 29th. Liberum Capital reissued a “sell” rating and issued a GBX 537 ($7.19) price objective on shares of Barratt Developments in a research note on Wednesday, September 6th. Peel Hunt raised Barratt Developments to an “add” rating and set a GBX 670 ($8.97) price objective on the stock in a research note on Wednesday, September 27th. Numis Securities reissued a “hold” rating and issued a GBX 638 ($8.54) price objective on shares of Barratt Developments in a research note on Thursday, September 7th. Finally, Beaufort Securities boosted their price objective on Barratt Developments from GBX 650 ($8.70) to GBX 675 ($9.04) and gave the stock a “buy” rating in a research note on Thursday, September 7th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company’s stock. Barratt Developments presently has a consensus rating of “Hold” and a consensus price target of GBX 661.50 ($8.86).

Shares of Barratt Developments (LON:BDEV) traded down GBX 3 ($0.04) during trading on Thursday, reaching GBX 606 ($8.12). The company’s stock had a trading volume of 6,206,558 shares, compared to its average volume of 5,800,000. Barratt Developments has a 52-week low of GBX 6.26 ($0.08) and a 52-week high of GBX 705.50 ($9.45).

In related news, insider Jessica White sold 4,110 shares of Barratt Developments stock in a transaction on Friday, October 20th. The stock was sold at an average price of GBX 694 ($9.29), for a total value of £28,523.40 ($38,199.28). Also, insider David Thomas sold 400,000 shares of Barratt Developments stock in a transaction on Friday, September 22nd. The stock was sold at an average price of GBX 591 ($7.91), for a total value of £2,364,000 ($3,165,930.09). Insiders sold a total of 440,997 shares of company stock worth $263,319,551 in the last three months.

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Barratt Developments 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.

Analyst Recommendations for Barratt Developments (LON:BDEV)

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