Barratt Developments’ (LON:BDEV) “Neutral” Rating Reiterated at J P Morgan Chase & Co

Barratt Developments (LON:BDEV)‘s stock had its “neutral” rating reissued by equities research analysts at J P Morgan Chase & Co in a research report issued on Thursday, November 16th, MarketBeat Ratings reports.

A number of other equities analysts have also weighed in on the stock. Peel Hunt restated an “add” rating and issued a GBX 670 ($9.02) price objective on shares of Barratt Developments in a report on Wednesday, November 15th. Shore Capital restated a “sell” rating on shares of Barratt Developments in a report on Wednesday, November 15th. Liberum Capital restated a “sell” rating and issued a GBX 537 ($7.23) price objective on shares of Barratt Developments in a report on Wednesday, November 15th. boosted their price objective on shares of Barratt Developments from GBX 666 ($8.96) to GBX 774 ($10.42) and gave the stock a “buy” rating in a report on Friday, November 10th. Finally, Deutsche Bank restated a “buy” rating on shares of Barratt Developments in a report on Monday, November 6th. Three equities 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’s stock. The company currently has a consensus rating of “Hold” and an average price target of GBX 661.50 ($8.90).

Barratt Developments (BDEV) traded up GBX 7 ($0.09) during mid-day trading on Thursday, hitting GBX 613.50 ($8.26). 5,014,630 shares of the stock traded hands, compared to its average volume of 5,690,000. Barratt Developments has a 1 year low of GBX 6.26 ($0.08) and a 1 year high of GBX 705.50 ($9.50).

In related news, insider David Thomas sold 400,000 shares of the company’s stock in a transaction on Friday, September 22nd. The shares were sold at an average price of GBX 591 ($7.95), for a total value of £2,364,000 ($3,181,695.83). Also, insider Jessica White sold 4,110 shares of the stock in a transaction dated Friday, October 20th. The shares were sold at an average price of GBX 694 ($9.34), for a total transaction of £28,523.40 ($38,389.50). Insiders sold a total of 440,997 shares of company stock valued at $263,319,551 in the last ninety days.

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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.

Analyst Recommendations for Barratt Developments (LON:BDEV)

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