Barratt Developments (BDEV) Stock Rating Reaffirmed by Shore Capital

Shore Capital reissued their sell rating on shares of Barratt Developments (LON:BDEV) in a research note published on Wednesday morning.

BDEV has been the subject of a number of other reports. Credit Suisse Group restated an outperform rating and issued a GBX 702 ($9.84) target price on shares of Barratt Developments in a research note on Thursday, October 26th. Liberum Capital restated a sell rating and issued a GBX 537 ($7.53) target price on shares of Barratt Developments in a research note on Tuesday, November 21st. Deutsche Bank restated a buy rating and issued a GBX 785 ($11.01) target price on shares of Barratt Developments in a research note on Monday, December 18th. Peel Hunt restated an add rating and issued a GBX 670 ($9.39) target price on shares of Barratt Developments in a research note on Wednesday, November 15th. Finally, raised their target price on Barratt Developments from GBX 666 ($9.34) to GBX 774 ($10.85) and gave the company a buy rating in a research note on Friday, November 10th. 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 stock. Barratt Developments has a consensus rating of Hold and a consensus target price of GBX 662.64 ($9.29).

Barratt Developments (LON:BDEV) opened at GBX 553.93 ($7.77) on Wednesday. Barratt Developments has a twelve month low of GBX 6.26 ($0.09) and a twelve month high of GBX 705.50 ($9.89). The stock has a market capitalization of $5,610.00 and a price-to-earnings ratio of 908.08.

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Barratt Developments 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.

Analyst Recommendations for Barratt Developments (LON:BDEV)

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