Barratt Developments Plc (BDEV) Given Average Recommendation of “Hold” by Brokerages

Barratt Developments Plc (LON:BDEV) has earned a consensus rating of “Hold” from the fifteen research firms that are presently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is GBX 666.36 ($9.04).

Several research firms recently commented on BDEV. Credit Suisse Group reaffirmed an “outperform” rating and issued a GBX 702 ($9.52) price target on shares of Barratt Developments in a report on Thursday, October 26th. Barclays cut their price target on Barratt Developments from GBX 712 ($9.66) to GBX 710 ($9.63) and set an “overweight” rating for the company in a report on Monday, October 30th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 650 ($8.81) price target on shares of Barratt Developments in a report on Monday, January 8th. Liberum Capital increased 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. Finally, Shore Capital reaffirmed a “sell” rating on shares of Barratt Developments in a report on Wednesday, November 8th.

Shares of Barratt Developments (LON:BDEV) traded up GBX 2.20 ($0.03) during trading on Friday, hitting GBX 615.20 ($8.34). The company’s stock had a trading volume of 4,370,000 shares, compared to its average volume of 3,190,000. Barratt Developments has a fifty-two week low of GBX 6.26 ($0.08) and a fifty-two week high of GBX 705.50 ($9.57). The firm has a market capitalization of $6,230.00 and a PE ratio of 1,008.52.

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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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