Barratt Developments Plc (BDEV) Given Average Recommendation of “Hold” by Analysts
Barratt Developments Plc (LON:BDEV) has received a consensus recommendation of “Hold” from the fifteen research firms that are currently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is GBX 663.64 ($8.87).
A number of equities analysts recently weighed in on BDEV shares. Credit Suisse Group raised shares of Barratt Developments to an “outperform” rating and upped their target price for the stock from GBX 578 ($7.73) to GBX 702 ($9.39) in a research note on Friday, October 6th. Deutsche Bank reaffirmed a “buy” rating on shares of Barratt Developments in a research note on Tuesday, October 3rd. Barclays reduced their target price on shares of Barratt Developments from GBX 712 ($9.52) to GBX 710 ($9.49) and set an “overweight” rating for the company in a research note on Monday, October 30th. Peel Hunt reaffirmed a “hold” rating and issued a GBX 635 ($8.49) target price on shares of Barratt Developments in a research note on Wednesday, September 6th. Finally, Liberum Capital reaffirmed a “sell” rating and issued a GBX 537 ($7.18) target price on shares of Barratt Developments in a research note on Wednesday, November 15th.
In other Barratt Developments news, insider Steven J. Boyes sold 10,000 shares of the stock in a transaction dated Friday, October 6th. The shares were sold at an average price of GBX 651 ($8.70), for a total value of £65,100 ($87,043.72). Also, insider David Thomas sold 26,887 shares of the stock in a transaction dated Monday, October 9th. The shares were sold at an average price of GBX 653 ($8.73), for a total transaction of £175,572.11 ($234,753.46). Over the last ninety days, insiders sold 40,997 shares of company stock worth $26,919,551.
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.
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