Barratt Developments Plc’s (BDEV) Sell Rating Reaffirmed at Shore Capital
Several other research firms have also recently weighed in on BDEV. Liberum Capital reaffirmed a sell rating and issued a GBX 532 ($6.95) price target on shares of Barratt Developments Plc in a report on Thursday, June 22nd. HSBC Holdings plc upped their price target on shares of Barratt Developments Plc from GBX 598 ($7.81) to GBX 666 ($8.70) and gave the stock a buy rating in a report on Tuesday, May 16th. Morgan Stanley started coverage on shares of Barratt Developments Plc in a report on Tuesday, March 21st. They issued an overweight rating and a GBX 615 ($8.03) price target on the stock. Deutsche Bank AG upped their price target on shares of Barratt Developments Plc from GBX 695 ($9.08) to GBX 703 ($9.18) and gave the stock a buy rating in a report on Wednesday, May 31st. Finally, J P Morgan Chase & Co upped their price target on shares of Barratt Developments Plc from GBX 495 ($6.46) to GBX 540 ($7.05) and gave the stock a neutral rating in a report on Thursday, April 6th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of GBX 643.15 ($8.40).
Shares of Barratt Developments Plc (LON BDEV) opened at 591.00 on Wednesday. The firm has a 50 day moving average price of GBX 588.97 and a 200-day moving average price of GBX 539.06. Barratt Developments Plc has a one year low of GBX 401.80 and a one year high of GBX 624.50. The firm’s market cap is GBX 5.94 billion.
Barratt Developments Plc Company Profile
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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