Barratt Developments (LON:BDEV) was upgraded by analysts at Shore Capital to a “buy” rating in a report released on Thursday.

Other research analysts have also issued research reports about the company. Peel Hunt lowered Barratt Developments to an “add” rating in a report on Monday, December 10th. Canaccord Genuity reaffirmed a “buy” rating and set a GBX 670 ($8.75) target price on shares of Barratt Developments in a report on Wednesday, September 5th. Citigroup reiterated a “buy” rating and set a GBX 634 ($8.28) price target (up previously from GBX 530 ($6.93)) on shares of Barratt Developments in a research report on Wednesday, August 29th. UBS Group reiterated a “buy” rating on shares of Barratt Developments in a research report on Friday, October 12th. Finally, Numis Securities reiterated a “buy” rating and set a GBX 667 ($8.72) price target on shares of Barratt Developments in a research report on Thursday, September 6th. One investment analyst has rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Barratt Developments currently has a consensus rating of “Buy” and an average price target of GBX 670.91 ($8.77).

BDEV stock opened at GBX 440.50 ($5.76) on Thursday. Barratt Developments has a twelve month low of GBX 6.26 ($0.08) and a twelve month high of GBX 705.50 ($9.22).

In other Barratt Developments news, insider John Allan purchased 10,000 shares of the company’s stock in a transaction dated Tuesday, November 20th. The stock was purchased at an average price of GBX 480 ($6.27) per share, for a total transaction of £48,000 ($62,720.50). Also, insider David Thomas sold 89,287 shares of Barratt Developments stock in a transaction dated Friday, October 19th. The shares were sold at an average price of GBX 497 ($6.49), for a total value of £443,756.39 ($579,846.32).

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, including apartments, penthouses, and communities; and develops and sells homes. The company offers homes under the Barratt Homes, David Wilson Homes, and Barratt London brands.

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Analyst Recommendations for Barratt Developments (LON:BDEV)

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