Peel Hunt Lowers Barratt Developments (BDEV) to Add
Barratt Developments (LON:BDEV) was downgraded by equities researchers at Peel Hunt to an “add” rating in a note issued to investors on Monday.
Several other brokerages also recently commented on BDEV. JPMorgan Chase & Co. restated a “top pick” rating on shares of Barratt Developments in a research note on Tuesday, September 25th. Barclays boosted their target price 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. Numis Securities restated a “buy” rating and issued a GBX 667 ($8.72) target price on shares of Barratt Developments in a research note on Thursday, September 6th. Deutsche Bank restated a “top pick” rating on shares of Barratt Developments in a research note on Tuesday, August 28th. Finally, Citigroup restated a “buy” rating and issued a GBX 634 ($8.28) target price (up previously from GBX 530 ($6.93)) on shares of Barratt Developments in a research note on Wednesday, August 29th. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of GBX 668.27 ($8.73).
Shares of LON:BDEV opened at GBX 462.90 ($6.05) on Monday. Barratt Developments has a 52 week low of GBX 6.26 ($0.08) and a 52 week high of GBX 705.50 ($9.22).
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, 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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