Barratt Developments’ (BDEV) “Buy” Rating Reaffirmed at Citigroup
Barratt Developments (LON:BDEV)‘s stock had its “buy” rating restated by equities research analysts at Citigroup in a report released on Friday.
BDEV has been the subject of a number of other research reports. Redburn Partners restated a “buy” rating on shares of Barratt Developments in a research note on Thursday, January 24th. Liberum Capital restated a “buy” rating on shares of Barratt Developments in a research note on Wednesday. Credit Suisse Group raised their target price on shares of Barratt Developments from GBX 702 ($9.17) to GBX 744 ($9.72) and gave the stock an “outperform” rating in a research note on Wednesday, December 12th. Bank of America upgraded shares of Barratt Developments to a “neutral” rating and raised their target price for the stock from GBX 470 ($6.14) to GBX 535 ($6.99) in a research note on Friday, January 11th. Finally, Shore Capital restated a “buy” rating on shares of Barratt Developments in a research note on Wednesday. Two analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of GBX 640.83 ($8.37).
Shares of BDEV opened at GBX 555 ($7.25) on Friday. Barratt Developments has a one year low of GBX 6.26 ($0.08) and a one year high of GBX 705.50 ($9.22).
In other Barratt Developments news, insider Jessica White acquired 10,000 shares of the company’s stock in a transaction on Monday, December 17th. The stock was acquired at an average price of GBX 437 ($5.71) per share, for a total transaction of £43,700 ($57,101.79).
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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