Barratt Developments plc (BDEV) Receives Add Rating from Peel Hunt

Barratt Developments plc (LON:BDEV)‘s stock had its “add” rating reiterated by analysts at Peel Hunt in a research note issued to investors on Wednesday. They presently have a GBX 670 ($8.81) price target on the real estate development company’s stock. Peel Hunt’s price target indicates a potential upside of 8.68% from the stock’s current price.

BDEV has been the topic of several other reports. Deutsche Bank AG reiterated a “buy” rating and issued a GBX 717 ($9.43) price objective on shares of Barratt Developments plc in a report on Monday, September 4th. J P Morgan Chase & Co reiterated a “neutral” rating and issued a GBX 620 ($8.15) price objective on shares of Barratt Developments plc in a report on Friday, September 29th. Liberum Capital reissued a “sell” rating and issued a GBX 537 ($7.06) target price on shares of Barratt Developments plc in a research report on Wednesday, September 6th. Numis Securities Ltd reissued a “hold” rating and issued a GBX 638 ($8.39) target price on shares of Barratt Developments plc in a research report on Thursday, September 7th. Finally, Beaufort Securities boosted their target price on shares of Barratt Developments plc from GBX 650 ($8.55) to GBX 675 ($8.88) and gave the company a “buy” rating in a research report on Thursday, September 7th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of GBX 656.64 ($8.64).

Barratt Developments plc (LON BDEV) opened at GBX 616.50 ($8.11) on Wednesday. Barratt Developments plc has a fifty-two week low of GBX 450.60 ($5.93) and a fifty-two week high of GBX 705.50 ($9.28).

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In other news, insider Jessica White sold 4,110 shares of the stock in a transaction dated Friday, October 20th. The shares were sold at an average price of GBX 694 ($9.13), for a total value of £28,523.40 ($37,515.98). Also, insider David Thomas sold 400,000 shares of the stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of GBX 591 ($7.77), for a total transaction of £2,364,000 ($3,109,298.96). Insiders have sold 440,997 shares of company stock valued at $263,319,551 in the last ninety days.

Barratt Developments plc Company Profile

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.

Analyst Recommendations for Barratt Developments plc (LON:BDEV)

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