Barratt Developments Plc (LON:BDEV) Receives “Sell” Rating from Liberum Capital
Liberum Capital reiterated their sell rating on shares of Barratt Developments Plc (LON:BDEV) in a research report released on Friday morning. Liberum Capital currently has a GBX 537 ($7.08) target price on the real estate development company’s stock.
Other research analysts have also recently issued research reports about the stock. Beaufort Securities reissued a buy rating on shares of Barratt Developments Plc in a report on Thursday, May 11th. Peel Hunt reissued a hold rating and issued a GBX 610 ($8.05) target price on shares of Barratt Developments Plc in a report on Wednesday, May 10th. Canaccord Genuity reissued a hold rating and issued a GBX 555 ($7.32) target price on shares of Barratt Developments Plc in a report on Wednesday, May 10th. UBS AG increased their target price on shares of Barratt Developments Plc from GBX 560 ($7.39) to GBX 625 ($8.24) and gave the stock a neutral rating in a report on Thursday, May 11th. Finally, Deutsche Bank AG reissued a buy rating on shares of Barratt Developments Plc in a report on Monday, July 17th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company. Barratt Developments Plc has an average rating of Hold and an average price target of GBX 643.54 ($8.49).
Barratt Developments Plc (BDEV) traded down 4.69% during midday trading on Friday, reaching GBX 589.00. 8,781,336 shares of the company’s stock traded hands. The company’s market cap is GBX 5.92 billion. The stock has a 50-day moving average of GBX 587.63 and a 200 day moving average of GBX 560.01. Barratt Developments Plc has a 52-week low of GBX 404.00 and a 52-week high of GBX 624.50.
About Barratt Developments Plc
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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