Barratt Developments’ (BDEV) “Neutral” Rating Reaffirmed at JPMorgan Chase & Co.

JPMorgan Chase & Co. reissued their neutral rating on shares of Barratt Developments (LON:BDEV) in a report published on Monday. They currently have a GBX 650 ($8.81) price objective on the real estate development company’s stock.

BDEV has been the subject of several other research reports. Deutsche Bank reissued a buy rating and set a GBX 768 ($10.41) price target on shares of Barratt Developments in a report on Thursday, November 16th. Liberum Capital boosted their price target on Barratt Developments from GBX 537 ($7.28) to GBX 575 ($7.80) and gave the company a sell rating in a report on Wednesday, January 3rd. Peel Hunt raised Barratt Developments to an add rating and set a GBX 670 ($9.09) price target for the company in a report on Wednesday, September 27th. Shore Capital reissued a sell rating on shares of Barratt Developments in a report on Wednesday, November 8th. Finally, boosted their price target on Barratt Developments from GBX 666 ($9.03) to GBX 774 ($10.50) and gave the company a buy rating in a report on Friday, November 10th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of GBX 666.36 ($9.04).

Barratt Developments (BDEV) traded down GBX 4 ($0.05) during trading hours on Monday, reaching GBX 643.40 ($8.73). The company’s stock had a trading volume of 2,980,000 shares, compared to its average volume of 3,590,000. Barratt Developments has a twelve month low of GBX 6.26 ($0.08) and a twelve month high of GBX 705.50 ($9.57). The company has a market capitalization of $6,510.00 and a price-to-earnings ratio of 1,054.75.

In other news, insider Jessica White sold 4,110 shares of the company’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of GBX 694 ($9.41), for a total value of £28,523.40 ($38,681.04).

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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.

Analyst Recommendations for Barratt Developments (LON:BDEV)

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