Barclays Cuts Barratt Developments (BDEV) Price Target to GBX 658
Barratt Developments (LON:BDEV) had its price target trimmed by Barclays from GBX 710 ($9.96) to GBX 658 ($9.23) in a research note issued to investors on Monday. The brokerage currently has an overweight rating on the real estate development company’s stock.
BDEV has been the topic of a number of other reports. Deutsche Bank reaffirmed a buy rating and issued a GBX 768 ($10.77) target price on shares of Barratt Developments in a report on Thursday, November 16th. Peel Hunt cut shares of Barratt Developments to a hold rating and set a GBX 670 ($9.39) target price on the stock. in a report on Thursday, January 11th. Liberum Capital upped their target price on shares of Barratt Developments from GBX 537 ($7.53) to GBX 575 ($8.06) and gave the company a sell rating in a report on Wednesday, January 3rd. JPMorgan Chase & Co. upped their target price on shares of Barratt Developments from GBX 620 ($8.69) to GBX 650 ($9.11) and gave the company a neutral rating in a report on Thursday, December 14th. Finally, Shore Capital reissued a sell rating on shares of Barratt Developments in a report on Wednesday, November 8th. Three 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 stock has a consensus rating of Hold and an average price target of GBX 662.64 ($9.29).
Shares of Barratt Developments (LON BDEV) opened at GBX 556.40 ($7.80) on Monday. The stock has a market cap of $5,740.00 and a PE ratio of 912.13. Barratt Developments has a fifty-two week low of GBX 6.26 ($0.09) and a fifty-two week high of GBX 705.50 ($9.89).
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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