Barratt Developments (BDEV) Given “Top Pick” Rating at JPMorgan Chase & Co.
Barratt Developments (LON:BDEV)‘s stock had its “top pick” rating restated by investment analysts at JPMorgan Chase & Co. in a research note issued to investors on Tuesday.
BDEV has been the subject of several other reports. Liberum Capital restated a “hold” rating on shares of Barratt Developments in a research report on Wednesday, July 11th. Shore Capital restated an “under review” rating on shares of Barratt Developments in a research report on Wednesday, July 11th. Numis Securities upgraded shares of Barratt Developments to a “buy” rating and set a GBX 667 ($8.69) price target for the company in a research report on Thursday, July 12th. Peel Hunt reiterated a “buy” rating on shares of Barratt Developments in a research report on Wednesday, July 11th. Finally, Berenberg Bank initiated coverage on shares of Barratt Developments in a research report on Wednesday, July 25th. They issued a “buy” rating and a GBX 670 ($8.73) price target for the company. Two research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of GBX 677.08 ($8.82).
LON BDEV traded up GBX 5.40 ($0.07) during trading hours on Tuesday, hitting GBX 563.40 ($7.34). 1,339,647 shares of the company’s stock traded hands, compared to its average volume of 4,890,000. Barratt Developments has a 52 week low of GBX 6.26 ($0.08) and a 52 week high of GBX 705.50 ($9.19).
About Barratt Developments
Barratt Developments PLC engages in the housebuilding and commercial development businesses in Great Britain. It acquires and develops land; plans, designs, and constructs residential properties, such as apartments, penthouses, and communities; and develops and sells homes. The company provides homes under the Barratt Homes, David Wilson Homes, and Barratt London brands.
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