Barratt Developments (LON:BDEV)‘s stock had its “sell” rating restated by research analysts at Shore Capital in a research report issued on Wednesday.
Several other research firms have also recently issued reports on BDEV. Credit Suisse Group reaffirmed an “outperform” rating and issued a GBX 702 ($9.70) price objective on shares of Barratt Developments in a research report on Thursday, October 26th. Barclays lowered their price objective on Barratt Developments from GBX 712 ($9.84) to GBX 710 ($9.81) and set an “overweight” rating on the stock in a research report on Monday, October 30th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 650 ($8.98) price objective on shares of Barratt Developments in a research report on Monday, January 8th. Liberum Capital boosted their target price on shares of Barratt Developments from GBX 537 ($7.42) to GBX 575 ($7.94) and gave the company a “sell” rating in a research note on Wednesday, January 3rd. Finally, Deutsche Bank reiterated 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 assigned a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of GBX 664.71 ($9.18).
Barratt Developments (BDEV) opened at GBX 567.40 ($7.84) on Wednesday. The stock has a market capitalization of $5,690.00 and a P/E ratio of 930.16. Barratt Developments has a 12-month low of GBX 6.26 ($0.09) and a 12-month high of GBX 705.50 ($9.75).
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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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