Liberum Capital reaffirmed their sell rating on shares of Barratt Developments Plc (LON:BDEV) in a research report report published on Thursday. Liberum Capital currently has a GBX 537 ($6.99) target price on the real estate development company’s stock.
Other equities research analysts also recently issued reports about the stock. Deutsche Bank AG upped their price objective on shares of Barratt Developments Plc from GBX 695 ($9.05) to GBX 703 ($9.15) and gave the company a buy rating in a report on Wednesday, May 31st. HSBC Holdings plc upped their price objective on shares of Barratt Developments Plc from GBX 598 ($7.79) to GBX 666 ($8.67) and gave the company a buy rating in a report on Tuesday, May 16th. Jefferies Group LLC upped their price objective on shares of Barratt Developments Plc from GBX 603 ($7.85) to GBX 706 ($9.19) and gave the company a buy rating in a report on Tuesday, April 18th. Beaufort Securities reaffirmed a buy rating on shares of Barratt Developments Plc in a report on Thursday, May 11th. Finally, Canaccord Genuity reaffirmed a buy rating and set a GBX 675 ($8.79) price objective on shares of Barratt Developments Plc in a report on Wednesday, July 12th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of GBX 643.54 ($8.38).
Barratt Developments Plc (LON BDEV) traded up 1.02% during midday trading on Thursday, hitting GBX 595.50. The stock had a trading volume of 2,420,564 shares. The company’s market cap is GBX 6.01 billion. The stock’s 50 day moving average price is GBX 592.98 and its 200-day moving average price is GBX 564.28. Barratt Developments Plc has a 52 week low of GBX 422.60 and a 52 week high of GBX 624.50.
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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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