Liberum Capital restated their sell rating on shares of Barratt Developments Plc (LON:BDEV) in a research report sent to investors on Thursday. They currently have a GBX 532 ($6.77) price target on the real estate development company’s stock.
Other equities research analysts have also issued reports about the company. Deutsche Bank AG upped their price objective on Barratt Developments Plc from GBX 672 ($8.55) to GBX 678 ($8.62) and gave the stock a buy rating in a research note on Monday, February 27th. Beaufort Securities restated a buy rating on shares of Barratt Developments Plc in a research note on Thursday, February 23rd. Jefferies Group LLC upped their price objective on Barratt Developments Plc from GBX 603 ($7.67) to GBX 706 ($8.98) and gave the stock a buy rating in a research note on Tuesday, April 18th. HSBC Holdings plc upped their price objective on Barratt Developments Plc from GBX 543 ($6.91) to GBX 598 ($7.61) and gave the stock a buy rating in a research note on Monday, April 3rd. Finally, Peel Hunt upped their price objective on Barratt Developments Plc from GBX 565 ($7.19) to GBX 610 ($7.76) and gave the stock a hold rating in a research note on Wednesday, April 26th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. The company currently has an average rating of Hold and an average target price of GBX 584.07 ($7.43).
Barratt Developments Plc (BDEV) opened at 564.50 on Thursday. The company’s market capitalization is GBX 5.68 billion. Barratt Developments Plc has a 52 week low of GBX 326.00 and a 52 week high of GBX 624.50. The stock’s 50 day moving average price is GBX 594.32 and its 200 day moving average price is GBX 535.36.
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About Barratt Developments Plc
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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