Barratt Developments (LON:BDEV)‘s stock had its “sell” rating restated by analysts at Shore Capital in a research note issued to investors on Wednesday.
A number of other brokerages also recently issued reports on BDEV. Deutsche Bank reiterated a “buy” rating on shares of Barratt Developments in a research report on Thursday, November 23rd. JPMorgan Chase & Co. restated a “neutral” rating and issued a GBX 650 ($9.11) target price on shares of Barratt Developments in a research report on Monday, January 8th. Credit Suisse Group restated an “outperform” rating and issued a GBX 702 ($9.84) target price on shares of Barratt Developments in a research report on Thursday, October 26th. Liberum Capital restated a “sell” rating and issued a GBX 537 ($7.53) target price on shares of Barratt Developments in a research report on Tuesday, November 21st. Finally, Barclays decreased their target price on Barratt Developments from GBX 710 ($9.96) to GBX 658 ($9.23) and set an “overweight” rating on the stock in a research report on Monday. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of GBX 662.64 ($9.29).
Barratt Developments (BDEV) opened at GBX 548.20 ($7.69) on Wednesday. The stock has a market capitalization of $5,550.00 and a P/E ratio of 898.69. Barratt Developments has a 1 year low of GBX 6.26 ($0.09) and a 1 year high of GBX 705.50 ($9.89).
Barratt Developments Company Profile
Barratt Developments PLC is a holding company. The Company is principally engaged in acquiring and developing land, planning, designing and constructing residential property developments and selling the homes, which it builds throughout Britain. The Company operates in two segments: Housebuilding and Commercial developments.
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