Deutsche Bank AG Reiterates “Buy” Rating for Barratt Developments Plc (LON:BDEV)

Barratt Developments Plc (LON:BDEV)‘s stock had its “buy” rating restated by investment analysts at Deutsche Bank AG in a report released on Monday, July 31st.

BDEV has been the topic of several other research reports. Liberum Capital raised their price objective on Barratt Developments Plc from GBX 532 ($6.93) to GBX 537 ($6.99) and gave the stock a “sell” rating in a research note on Wednesday, July 19th. Beaufort Securities dropped their price objective on Barratt Developments Plc from GBX 690 ($8.99) to GBX 650 ($8.46) and set a “buy” rating on the stock in a research note on Thursday, July 13th. HSBC Holdings plc raised their price objective on Barratt Developments Plc from GBX 598 ($7.79) to GBX 666 ($8.67) and gave the stock a “buy” rating in a research note on Tuesday, May 16th. Shore Capital reaffirmed a “hold” rating on shares of Barratt Developments Plc in a research note on Wednesday, May 10th. Finally, JPMorgan Chase & Co. lifted their price target on Barratt Developments Plc from GBX 495 ($6.45) to GBX 540 ($7.03) and gave the company a “neutral” rating in a research note on Thursday, April 6th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of GBX 643.54 ($8.38).

Shares of Barratt Developments Plc (LON:BDEV) opened at 595.50 on Monday. Barratt Developments Plc has a 12 month low of GBX 422.60 and a 12 month high of GBX 624.50. The stock’s 50 day moving average price is GBX 592.98 and its 200-day moving average price is GBX 564.28. The firm’s market capitalization is GBX 5.99 billion.

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Barratt Developments Plc 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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