Barratt Developments (LON:BDEV)‘s stock had its “buy” rating reaffirmed by equities research analysts at Deutsche Bank in a research report issued to clients and investors on Monday.
Other research analysts have also issued research reports about the company. Peel Hunt reiterated an “add” rating and issued a GBX 670 ($9.09) target price on shares of Barratt Developments in a research report on Wednesday, November 15th. boosted their price objective on Barratt Developments from GBX 666 ($9.03) to GBX 774 ($10.50) and gave the company a “buy” rating in a research report on Friday, November 10th. JPMorgan Chase & Co. boosted their price objective on Barratt Developments from GBX 620 ($8.41) to GBX 650 ($8.81) and gave the company a “neutral” rating in a research report on Thursday, December 14th. Credit Suisse Group restated an “outperform” rating and set a GBX 702 ($9.52) price objective on shares of Barratt Developments in a research report on Thursday, October 26th. Finally, Barclays reduced their price objective on Barratt Developments from GBX 712 ($9.66) to GBX 710 ($9.63) and set an “overweight” rating for the company in a research report on Monday, October 30th. 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 stock. Barratt Developments has an average rating of “Hold” and an average target price of GBX 666.36 ($9.04).
Barratt Developments (LON:BDEV) opened at GBX 621.80 ($8.43) on Monday. The firm has a market capitalization of $6,310.00 and a price-to-earnings ratio of 1,019.34. Barratt Developments has a twelve month low of GBX 6.26 ($0.08) and a twelve month high of GBX 705.50 ($9.57).
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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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