Peel Hunt reaffirmed their hold rating on shares of Barratt Developments Plc (LON:BDEV) in a report published on Wednesday morning. They currently have a GBX 625 ($8.16) price target on the real estate development company’s stock.
Several other analysts have also issued reports on the company. Liberum Capital restated a sell rating and issued a GBX 532 ($6.95) price objective on shares of Barratt Developments Plc in a research note on Wednesday, July 12th. Shore Capital restated a sell rating on shares of Barratt Developments Plc in a research note on Wednesday, July 12th. Deutsche Bank AG restated a buy rating and issued a GBX 703 ($9.18) price objective on shares of Barratt Developments Plc in a research note on Monday, July 3rd. Jefferies Group LLC upped their price objective on Barratt Developments Plc from GBX 706 ($9.22) to GBX 735 ($9.60) and gave the company a buy rating in a research note on Monday, June 26th. Finally, HSBC Holdings plc upped their price objective on Barratt Developments Plc from GBX 598 ($7.81) to GBX 666 ($8.70) and gave the company a buy rating in a research note on Tuesday, May 16th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of Hold and an average price target of GBX 643.15 ($8.40).
Barratt Developments Plc (LON BDEV) opened at 591.00 on Wednesday. Barratt Developments Plc has a 12 month low of GBX 401.80 and a 12 month high of GBX 624.50. The company’s market capitalization is GBX 5.94 billion. The firm has a 50-day moving average price of GBX 588.97 and a 200 day moving average price of GBX 539.06.
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Barratt Developments Plc 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.
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