Barratt Developments (BDEV) Receives “Sell” Rating from Liberum Capital
Barratt Developments (LON:BDEV)‘s stock had its “sell” rating reissued by analysts at Liberum Capital in a research report issued on Thursday. They currently have a GBX 575 ($7.80) price objective on the real estate development company’s stock. Liberum Capital’s target price would indicate a potential downside of 6.69% from the stock’s previous close.
BDEV has been the subject of a number of other reports. Credit Suisse Group restated an “outperform” rating and issued a GBX 702 ($9.52) target price on shares of Barratt Developments in a research note on Thursday, October 26th. Shore Capital reiterated a “sell” rating on shares of Barratt Developments in a report on Wednesday, November 8th. Deutsche Bank reiterated a “buy” rating and issued a GBX 785 ($10.65) price target on shares of Barratt Developments in a report on Monday, December 18th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a GBX 620 ($8.41) price target on shares of Barratt Developments in a report on Friday, September 29th. Finally, Peel Hunt reiterated an “add” rating and issued a GBX 670 ($9.09) price target on shares of Barratt Developments in a report on Wednesday, November 15th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of GBX 666.36 ($9.04).
Shares of Barratt Developments (BDEV) traded down GBX 18 ($0.24) during trading hours on Thursday, hitting GBX 616.20 ($8.36). The stock had a trading volume of 4,769,343 shares, compared to its average volume of 3,310,000. Barratt Developments has a 52 week low of GBX 6.26 ($0.08) and a 52 week high of GBX 705.50 ($9.57). The firm has a market capitalization of $6,240.00 and a price-to-earnings ratio of 1,010.16.
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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.
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