Barratt Developments Plc (BDEV) Receives “Sell” Rating from Liberum Capital
Liberum Capital reaffirmed their sell rating on shares of Barratt Developments Plc (LON:BDEV) in a report released on Thursday. The firm currently has a GBX 425 ($5.17) price target on the real estate development company’s stock.
Several other brokerages have also recently issued reports on BDEV. Deutsche Bank AG reissued a buy rating and issued a GBX 575 ($6.99) target price on shares of Barratt Developments Plc in a research report on Monday, October 3rd. Canaccord Genuity reissued a hold rating and issued a GBX 470 ($5.72) target price on shares of Barratt Developments Plc in a research report on Tuesday, October 4th. Peel Hunt dropped their target price on Barratt Developments Plc from GBX 590 ($7.17) to GBX 550 ($6.69) and set a hold rating on the stock in a research report on Monday. Credit Suisse Group raised their target price on Barratt Developments Plc from GBX 464 ($5.64) to GBX 547 ($6.65) and gave the stock a neutral rating in a research report on Friday, September 23rd. Finally, J P Morgan Chase & Co reissued a neutral rating and issued a GBX 495 ($6.02) target price on shares of Barratt Developments Plc in a research report on Wednesday, December 7th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company’s stock. Barratt Developments Plc has an average rating of Hold and a consensus price target of GBX 514.35 ($6.25).
Barratt Developments Plc (LON:BDEV) traded up 3.61% on Thursday, hitting GBX 516.00. 9,566,767 shares of the company traded hands. Barratt Developments Plc has a 1-year low of GBX 326.00 and a 1-year high of GBX 621.50. The firm’s market capitalization is GBX 5.17 billion. The firm’s 50 day moving average price is GBX 471.28 and its 200 day moving average price is GBX 462.53.
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In other Barratt Developments Plc news, insider John Allan bought 20,000 shares of the firm’s stock in a transaction that occurred on Friday, October 21st. The shares were bought at an average price of GBX 484 ($5.89) per share, with a total value of £96,800 ($117,718.59). Also, insider David Thomas sold 158,629 shares of Barratt Developments Plc stock in a transaction that occurred on Tuesday, October 25th. The shares were sold at an average price of GBX 471 ($5.73), for a total value of £747,142.59 ($908,600.99).
About Barratt Developments Plc
Barratt Developments PLC is a United Kingdom-based holding company. The Company’s business is acquiring land, obtaining planning consents and building the homes. The Company’s three main brands include Barratt Homes, David Wilson Homes and Barratt London. Barratt London is the residential developer in the capital.
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