Barratt Developments (BDEV) Rating Increased to Buy at Liberum Capital
Barratt Developments (LON:BDEV) was upgraded by investment analysts at Liberum Capital to a “buy” rating in a research report issued to clients and investors on Thursday.
Several other equities analysts also recently issued reports on the stock. Shore Capital restated a “hold” rating on shares of Barratt Developments in a research note on Wednesday, October 17th. Peel Hunt restated a “buy” rating on shares of Barratt Developments in a research note on Wednesday, October 17th. UBS Group restated a “buy” rating on shares of Barratt Developments in a research note on Friday, October 12th. JPMorgan Chase & Co. restated a “top pick” rating on shares of Barratt Developments in a research note on Tuesday, September 25th. Finally, Barclays upped their price objective on shares of Barratt Developments from GBX 658 ($8.60) to GBX 678 ($8.86) and gave the company an “overweight” rating in a research note on Wednesday, September 12th. One investment analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of GBX 668.27 ($8.73).
LON BDEV opened at GBX 462.90 ($6.05) on Thursday. Barratt Developments has a 1 year low of GBX 6.26 ($0.08) and a 1 year high of GBX 705.50 ($9.22).
Barratt Developments Company Profile
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, including apartments, penthouses, and communities; and develops and sells homes. The company offers homes under the Barratt Homes, David Wilson Homes, and Barratt London brands.
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