Barratt Developments Plc (LON:BDEV)‘s stock had its “sell” rating reissued by research analysts at Liberum Capital in a report issued on Thursday. They presently have a GBX 425 ($5.17) price target on the real estate development company’s stock. Liberum Capital’s target price would indicate a potential downside of 15.17% from the stock’s previous close.
Several other analysts also recently weighed in on BDEV. Deutsche Bank AG restated a “buy” rating and issued a GBX 575 ($6.99) price objective on shares of Barratt Developments Plc in a report on Saturday, September 17th. Credit Suisse Group lifted their price objective on Barratt Developments Plc from GBX 464 ($5.64) to GBX 547 ($6.65) and gave the company a “neutral” rating in a report on Friday, September 23rd. Canaccord Genuity restated a “hold” rating and issued a GBX 470 ($5.72) price objective on shares of Barratt Developments Plc in a report on Tuesday, October 4th. Peel Hunt restated a “hold” rating and issued a GBX 590 ($7.17) price objective on shares of Barratt Developments Plc in a report on Wednesday, November 16th. Finally, Beaufort Securities reiterated a “buy” rating on shares of Barratt Developments Plc in a report on Thursday, November 17th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 519.71 ($6.32).
Shares of Barratt Developments Plc (LON:BDEV) opened at 496.20 on Thursday. The stock’s market cap is GBX 4.97 billion. Barratt Developments Plc has a one year low of GBX 326.00 and a one year high of GBX 621.50. The stock’s 50 day moving average is GBX 471.28 and its 200-day moving average is GBX 462.53.
ILLEGAL ACTIVITY NOTICE: “Barratt Developments Plc (BDEV) Stock Rating Reaffirmed by Liberum Capital” was first posted by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this story on another publication, it was copied illegally and republished in violation of U.S. and international copyright & trademark legislation. The original version of this story can be read at https://sportsperspectives.com/2017/01/12/barratt-developments-plc-bdev-stock-rating-reaffirmed-by-liberum-capital.html.
In other news, insider Jock Fyfe Lennox bought 10,000 shares of the company’s stock in a transaction that occurred on Thursday, November 24th. The shares were purchased at an average price of GBX 472 ($5.74) per share, for a total transaction of £47,200 ($57,399.98). Also, insider John Allan bought 20,000 shares of the company’s stock in a transaction that occurred on Friday, October 21st. The stock was purchased at an average price of GBX 484 ($5.89) per share, for a total transaction of £96,800 ($117,718.59).
About Barratt Developments Plc
Barratt Developments PLC is a United Kingdom-based holding company. The Company’s business is acquiring land, obtaining planning consents and building the homes. The Company’s three main brands include Barratt Homes, David Wilson Homes and Barratt London. Barratt London is the residential developer in the capital.
Receive News & Ratings for Barratt Developments Plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barratt Developments Plc and related companies with MarketBeat.com's FREE daily email newsletter.