Barratt Developments Plc (BDEV) Rating Reiterated by Liberum Capital
Barratt Developments Plc (LON:BDEV)‘s stock had its “sell” rating reaffirmed by equities researchers at Liberum Capital in a report released on Thursday. They currently have a GBX 537 ($6.99) price target on the real estate development company’s stock. Liberum Capital’s price target would indicate a potential downside of 11.53% from the stock’s previous close.
A number of other brokerages have also weighed in on BDEV. Beaufort Securities cut their price objective on Barratt Developments Plc from GBX 690 ($8.99) to GBX 650 ($8.46) and set a “buy” rating for the company in a research report on Thursday, July 13th. HSBC Holdings plc raised their price objective on Barratt Developments Plc from GBX 598 ($7.79) to GBX 666 ($8.67) and gave the company a “buy” rating in a research report on Tuesday, May 16th. Deutsche Bank AG restated a “buy” rating on shares of Barratt Developments Plc in a research report on Monday, July 31st. Shore Capital restated a “hold” rating on shares of Barratt Developments Plc in a research report on Wednesday, May 10th. Finally, Numis Securities Ltd lowered Barratt Developments Plc to a “hold” rating and set a GBX 656 ($8.54) price objective for the company. in a research report on Thursday, May 11th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of GBX 643.54 ($8.38).
Barratt Developments Plc (BDEV) opened at 599.50 on Thursday. Barratt Developments Plc has a 12 month low of GBX 422.60 and a 12 month high of GBX 624.50. The company’s 50 day moving average price is GBX 590.96 and its 200 day moving average price is GBX 563.33. The stock’s market cap is GBX 6.03 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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