Liberum Capital Boosts Barratt Developments (BDEV) Price Target to GBX 575
Barratt Developments (LON:BDEV) had its price objective upped by equities researchers at Liberum Capital from GBX 537 ($7.54) to GBX 575 ($8.07) in a research report issued to clients and investors on Wednesday, January 3rd. The firm presently has a “sell” rating on the real estate development company’s stock. Liberum Capital’s price target would suggest a potential downside of 6.72% from the stock’s current price.
BDEV has been the topic of a number of other reports. Peel Hunt reaffirmed a “hold” rating and set a GBX 635 ($8.92) price target on shares of Barratt Developments in a research report on Wednesday, September 6th. Beaufort Securities upped their price target on Barratt Developments from GBX 650 ($9.13) to GBX 675 ($9.48) and gave the stock a “buy” rating in a research report on Thursday, September 7th. Numis Securities reissued a “hold” rating and issued a GBX 638 ($8.96) target price on shares of Barratt Developments in a research report on Thursday, September 7th. Bank of America upped their target price on Barratt Developments from GBX 460 ($6.46) to GBX 500 ($7.02) and gave the company an “underperform” rating in a research report on Tuesday, September 12th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 620 ($8.71) target price on shares of Barratt Developments in a research report on Friday, September 29th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company. Barratt Developments currently has a consensus rating of “Hold” and an average price target of GBX 666.36 ($9.36).
Shares of Barratt Developments (BDEV) traded down GBX 1.80 ($0.03) during trading hours on Wednesday, reaching GBX 616.40 ($8.66). 2,970,699 shares of the company were exchanged, compared to its average volume of 3,090,000. The company has a market capitalization of $6,240.00 and a P/E ratio of 1,010.49. Barratt Developments has a 52 week low of GBX 6.26 ($0.09) and a 52 week high of GBX 705.50 ($9.91).
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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