Barratt Developments (BDEV) Given Buy Rating at Numis Securities
Numis Securities reaffirmed their buy rating on shares of Barratt Developments (LON:BDEV) in a research report sent to investors on Thursday. Numis Securities currently has a GBX 667 ($8.60) price target on the real estate development company’s stock.
BDEV has been the topic of a number of other reports. Canaccord Genuity reiterated a buy rating and issued a GBX 670 ($8.64) target price on shares of Barratt Developments in a report on Wednesday. Shore Capital reissued a hold rating on shares of Barratt Developments in a research report on Monday. UBS Group reissued a buy rating and issued a GBX 665 ($8.58) price target (up from GBX 650 ($8.38)) on shares of Barratt Developments in a research report on Tuesday, July 17th. Liberum Capital reissued a hold rating and issued a GBX 525 ($6.77) price target on shares of Barratt Developments in a research report on Friday, May 25th. Finally, JPMorgan Chase & Co. reissued a neutral rating on shares of Barratt Developments in a research report on Friday, May 11th. One research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have given a buy rating to the company. Barratt Developments currently has a consensus rating of Buy and a consensus price target of GBX 662.86 ($8.55).
Shares of BDEV traded down GBX 2.17 ($0.03) during trading hours on Thursday, reaching GBX 551.03 ($7.11). The stock had a trading volume of 2,907,047 shares, compared to its average volume of 4,890,000. Barratt Developments has a 12 month low of GBX 6.26 ($0.08) and a 12 month high of GBX 705.50 ($9.10).
In other Barratt Developments news, insider John Allan bought 10,000 shares of the firm’s stock in a transaction dated Wednesday, July 11th. The stock was purchased at an average cost of GBX 491 ($6.33) per share, with a total value of £49,100 ($63,338.49).
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, such as apartments, penthouses, and communities; and develops and sells homes. The company provides homes under the Barratt Homes, David Wilson Homes, and Barratt London brands.
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