Barratt Developments Plc (LON:BDEV) has been assigned a consensus recommendation of “Hold” from the fifteen brokerages that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is GBX 653.23 ($9.03).
BDEV has been the topic of a number of recent research reports. Peel Hunt reiterated an “add” rating and issued a GBX 670 ($9.26) target price on shares of Barratt Developments in a research note on Wednesday, November 15th. Deutsche Bank raised their target price on Barratt Developments from GBX 768 ($10.61) to GBX 785 ($10.85) and gave the company a “buy” rating in a research note on Thursday, November 30th. raised their target price on Barratt Developments from GBX 666 ($9.20) to GBX 774 ($10.69) and gave the company a “buy” rating in a research note on Friday, November 10th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Barratt Developments in a research note on Thursday, November 16th.
Barratt Developments (LON:BDEV) traded down GBX 1.60 ($0.02) during mid-day trading on Tuesday, reaching GBX 551 ($7.61). The company’s stock had a trading volume of 3,418,187 shares, compared to its average volume of 4,160,000. The company has a market capitalization of $5,580.00 and a PE ratio of 903.28. Barratt Developments has a 12 month low of GBX 6.26 ($0.09) and a 12 month high of GBX 705.50 ($9.75).
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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