JPMorgan Chase & Co. Reaffirms Neutral Rating for Barratt Developments (BDEV)
JPMorgan Chase & Co. restated their neutral rating on shares of Barratt Developments (LON:BDEV) in a research note issued to investors on Monday morning. The firm currently has a GBX 650 ($8.81) price objective on the real estate development company’s stock.
Several other analysts have also recently weighed in on BDEV. Liberum Capital raised their price objective on shares of Barratt Developments from GBX 537 ($7.28) to GBX 575 ($7.80) and gave the company a sell rating in a research report on Wednesday, January 3rd. Shore Capital restated a sell rating on shares of Barratt Developments in a research report on Wednesday, November 8th. Peel Hunt upgraded shares of Barratt Developments to an add rating and set a GBX 670 ($9.09) price objective on the stock in a research report on Wednesday, September 27th. raised their price objective on shares of Barratt Developments from GBX 666 ($9.03) to GBX 774 ($10.50) and gave the company a buy rating in a research report on Friday, November 10th. Finally, Deutsche Bank restated a buy rating and set a GBX 785 ($10.65) price objective on shares of Barratt Developments in a research report on Monday, December 18th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of GBX 666.36 ($9.04).
Shares of Barratt Developments (LON BDEV) opened at GBX 626.40 ($8.49) on Monday. The firm has a market cap of $6,310.00 and a price-to-earnings ratio of 1,026.89. Barratt Developments has a 52-week low of GBX 6.26 ($0.08) and a 52-week high of GBX 705.50 ($9.57).
In related news, insider Jessica White sold 4,110 shares of the stock in a transaction on Friday, October 20th. The shares were sold at an average price of GBX 694 ($9.41), for a total transaction of £28,523.40 ($38,681.04).
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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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