Barratt Developments (BDEV) Earns Sell Rating from Shore Capital

Shore Capital reissued their sell rating on shares of Barratt Developments (LON:BDEV) in a research note issued to investors on Thursday.

Several other research firms also recently commented on BDEV. Credit Suisse Group reaffirmed an outperform rating and issued a GBX 702 ($9.52) price objective on shares of Barratt Developments in a research note on Thursday, October 26th. Barclays decreased their price objective on Barratt Developments from GBX 712 ($9.66) to GBX 710 ($9.63) and set an overweight rating on the stock in a research note on Monday, October 30th. JPMorgan Chase & Co. reaffirmed a neutral rating and issued a GBX 650 ($8.81) price objective on shares of Barratt Developments in a research note on Monday, January 8th. Liberum Capital raised their price objective on Barratt Developments from GBX 537 ($7.28) to GBX 575 ($7.80) and gave the stock a sell rating in a research note on Wednesday, January 3rd. Finally, Deutsche Bank reaffirmed a buy rating on shares of Barratt Developments in a research note on Monday, November 6th. 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 company’s stock. The company currently has a consensus rating of Hold and a consensus price target of GBX 666.36 ($9.04).

Barratt Developments (BDEV) opened at GBX 621.20 ($8.42) on Thursday. Barratt Developments has a 1-year low of GBX 6.26 ($0.08) and a 1-year high of GBX 705.50 ($9.57). The firm has a market capitalization of $6,290.00 and a PE ratio of 1,018.36.

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

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About Barratt Developments

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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