Barratt Developments (LON:BDEV)‘s stock had its “buy” rating reaffirmed by Canaccord Genuity in a report issued on Wednesday. They currently have a GBX 710 ($9.81) price target on the real estate development company’s stock. Canaccord Genuity’s price target indicates a potential upside of 25.75% from the company’s current price.
A number of other research analysts also recently weighed in on the stock. JPMorgan Chase & Co. restated a “neutral” rating on shares of Barratt Developments in a report on Wednesday. Liberum Capital restated a “sell” rating and set a GBX 575 ($7.94) price target on shares of Barratt Developments in a report on Wednesday. Shore Capital restated a “sell” rating on shares of Barratt Developments in a report on Wednesday. Peel Hunt upgraded shares of Barratt Developments to an “add” rating and set a GBX 670 ($9.26) price target on the stock in a report on Wednesday. Finally, Numis Securities upgraded shares of Barratt Developments to an “add” rating and set a GBX 667 ($9.22) target price on the stock in a report on Wednesday. Three analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of GBX 667.21 ($9.22).
Barratt Developments (BDEV) opened at GBX 564.60 ($7.80) on Wednesday. The firm has a market cap of $5,690.00 and a price-to-earnings ratio of 925.57. Barratt Developments has a twelve month low of GBX 6.26 ($0.09) and a twelve month high of GBX 705.50 ($9.75).
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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.
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