Barratt Developments plc (BDEV) PT Raised to GBX 774

Barratt Developments plc (LON:BDEV) had its price target hoisted by HSBC Holdings plc from GBX 666 ($8.76) to GBX 774 ($10.18) in a research note issued on Friday. The brokerage currently has a “buy” rating on the real estate development company’s stock. HSBC Holdings plc’s price objective would indicate a potential upside of 24.84% from the company’s current price.

A number of other analysts also recently issued reports on the company. Credit Suisse Group raised Barratt Developments plc to an “outperform” rating and raised their target price for the stock from GBX 578 ($7.60) to GBX 702 ($9.23) in a research report on Friday, October 6th. Deutsche Bank AG reissued a “buy” rating on shares of Barratt Developments plc in a research report on Tuesday, October 3rd. Barclays PLC decreased their target price on Barratt Developments plc from GBX 712 ($9.36) to GBX 710 ($9.34) and set an “overweight” rating for the company in a research report on Monday, October 30th. Liberum Capital reissued a “sell” rating and issued a GBX 537 ($7.06) target price on shares of Barratt Developments plc in a research report on Friday, August 4th. Finally, Shore Capital reissued a “sell” rating on shares of Barratt Developments plc in a research report on Tuesday, July 18th. Three investment 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’s stock. Barratt Developments plc currently has a consensus rating of “Hold” and a consensus price target of GBX 656.64 ($8.64).

Shares of Barratt Developments plc (LON BDEV) opened at GBX 620 ($8.15) on Friday. Barratt Developments plc has a 52-week low of GBX 450.60 ($5.93) and a 52-week high of GBX 705.50 ($9.28).

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In related news, insider David Thomas sold 400,000 shares of Barratt Developments plc stock in a transaction on Friday, September 22nd. The stock was sold at an average price of GBX 591 ($7.77), for a total transaction of £2,364,000 ($3,109,298.96). Also, insider Steven J. Boyes sold 10,000 shares of Barratt Developments plc stock in a transaction on Friday, October 6th. The shares were sold at an average price of GBX 651 ($8.56), for a total value of £65,100 ($85,624.10). Insiders have sold 440,997 shares of company stock valued at $263,319,551 in the last three months.

About Barratt Developments plc

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.

Analyst Recommendations for Barratt Developments plc (LON:BDEV)

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