Barratt Developments (BDEV) Rating Lowered to Hold at Liberum Capital

Barratt Developments (LON:BDEV) was downgraded by research analysts at Liberum Capital to a “hold” rating in a research report issued to clients and investors on Monday. They presently have a GBX 540 ($7.06) price target on the real estate development company’s stock, up from their prior price target of GBX 500 ($6.53). Liberum Capital’s target price points to a potential downside of 4.76% from the company’s current price.

Other equities analysts have also issued research reports about the stock. Peel Hunt lowered shares of Barratt Developments to an “add” rating in a research report on Monday, December 10th. Citigroup reissued a “buy” rating on shares of Barratt Developments in a research report on Friday. Canaccord Genuity reissued a “buy” rating and issued a GBX 570 ($7.45) price target on shares of Barratt Developments in a research report on Wednesday, February 6th. Shore Capital reissued a “buy” rating on shares of Barratt Developments in a research report on Wednesday, February 6th. Finally, Berenberg Bank lowered their price objective on shares of Barratt Developments from GBX 670 ($8.75) to GBX 650 ($8.49) and set a “buy” rating on the stock in a research note on Monday, January 28th. Three research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Barratt Developments currently has a consensus rating of “Buy” and an average price target of GBX 642.08 ($8.39).

BDEV stock opened at GBX 567 ($7.41) on Monday. Barratt Developments has a 52 week low of GBX 6.26 ($0.08) and a 52 week high of GBX 705.50 ($9.22).

Barratt Developments (LON:BDEV) last posted its quarterly earnings results on Wednesday, February 6th. The real estate development company reported GBX 32.70 ($0.43) EPS for the quarter.

In other Barratt Developments news, insider John Allan purchased 10,000 shares of the firm’s stock in a transaction on Tuesday, November 20th. The shares were purchased at an average price of GBX 480 ($6.27) per share, for a total transaction of £48,000 ($62,720.50).

About Barratt Developments

Barratt Developments PLC engages in the housebuilding and commercial development businesses in Great Britain. It acquires and develops land; plans, designs, and constructs residential properties, including apartments, penthouses, and communities; and develops and sells homes. The company offers homes under the Barratt Homes, David Wilson Homes, and Barratt London brands.

Recommended Story: LIBOR

Analyst Recommendations for Barratt Developments (LON:BDEV)

Receive News & Ratings for Barratt Developments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barratt Developments and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply