Barratt Developments (BDEV) Price Target Raised to GBX 575

Barratt Developments (LON:BDEV) had its target price upped by Liberum Capital from GBX 537 ($7.18) to GBX 575 ($7.69) in a research report sent to investors on Wednesday morning. They currently have a sell rating on the real estate development company’s stock.

A number of other research firms have also recently issued reports on BDEV. Credit Suisse Group reissued an outperform rating and issued a GBX 702 ($9.39) target price on shares of Barratt Developments in a research note on Thursday, October 26th. Barclays decreased their target price on Barratt Developments from GBX 712 ($9.52) to GBX 710 ($9.49) and set an overweight rating for the company in a research note on Monday, October 30th. Shore Capital reissued a sell rating on shares of Barratt Developments in a research note on Wednesday, November 8th. Deutsche Bank reissued a buy rating on shares of Barratt Developments in a research note on Monday, November 6th. Finally, JPMorgan Chase & Co. reissued a neutral rating on shares of Barratt Developments in a research note on Thursday, November 16th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of GBX 666.36 ($8.91).

Barratt Developments (LON BDEV) opened at GBX 657.80 ($8.80) on Wednesday. Barratt Developments has a 52 week low of GBX 6.26 ($0.08) and a 52 week high of GBX 705.50 ($9.43). The stock has a market capitalization of $6,660.00 and a PE ratio of 1,078.36.

In other Barratt Developments news, insider David Thomas sold 26,887 shares of the company’s stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of GBX 653 ($8.73), for a total value of £175,572.11 ($234,753.46). Also, insider Jessica White sold 4,110 shares of the company’s stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of GBX 694 ($9.28), for a total value of £28,523.40 ($38,137.99).

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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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