Shares of Barratt Developments Plc (LON:BDEV) have received an average rating of “Hold” from the fifteen ratings firms that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is GBX 666.36 ($9.04).
Several research analysts recently issued reports on the company. Deutsche Bank upped their target price on Barratt Developments from GBX 768 ($10.41) to GBX 785 ($10.65) and gave the company a “buy” rating in a research report on Thursday, November 30th. Shore Capital reaffirmed a “sell” rating on shares of Barratt Developments in a research report on Wednesday, November 15th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Barratt Developments in a research report on Thursday, November 16th. Peel Hunt raised Barratt Developments to an “add” rating and set a GBX 670 ($9.09) target price on the stock in a research report on Wednesday, September 27th. Finally, Barclays dropped their price target on Barratt Developments from GBX 712 ($9.66) to GBX 710 ($9.63) and set an “overweight” rating on the stock in a research note on Monday, October 30th.
Shares of Barratt Developments (LON BDEV) traded up GBX 2.20 ($0.03) during trading hours on Friday, reaching GBX 615.20 ($8.34). The company had a trading volume of 4,370,000 shares, compared to its average volume of 3,190,000. Barratt Developments has a 12 month low of GBX 6.26 ($0.08) and a 12 month high of GBX 705.50 ($9.57). The firm has a market cap of $6,230.00 and a price-to-earnings ratio of 1,008.52.
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About Barratt Developments
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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