Barratt Developments plc (LON:BDEV)‘s stock had its “sell” rating reaffirmed by equities researchers at Liberum Capital in a research note issued on Wednesday. They currently have a GBX 537 ($7.06) price objective on the real estate development company’s stock. Liberum Capital’s price target indicates a potential downside of 14.63% from the company’s current price.
Several other research analysts have also recently commented on BDEV. boosted their target price on Barratt Developments plc from GBX 666 ($8.76) to GBX 774 ($10.18) and gave the stock a “buy” rating in a research note on Friday, November 10th. Shore Capital reissued a “sell” rating on shares of Barratt Developments plc in a research note on Wednesday, November 8th. Deutsche Bank AG reissued a “buy” rating on shares of Barratt Developments plc in a research note on Monday, November 6th. Barclays PLC lowered their target price on Barratt Developments plc from GBX 712 ($9.36) to GBX 710 ($9.34) and set an “overweight” rating for the company in a research note on Monday, October 30th. Finally, Credit Suisse Group reissued an “outperform” rating and set a GBX 702 ($9.23) target price on shares of Barratt Developments plc in a research note on Thursday, October 26th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of GBX 656.64 ($8.64).
Shares of Barratt Developments plc (LON:BDEV) opened at GBX 629 ($8.27) on Wednesday. Barratt Developments plc has a 1-year low of GBX 450.60 ($5.93) and a 1-year high of GBX 705.50 ($9.28).
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In other Barratt Developments plc news, insider Steven J. Boyes sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of GBX 651 ($8.56), for a total transaction of £65,100 ($85,624.10). Also, insider David Thomas sold 400,000 shares of the company’s stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of GBX 591 ($7.77), for a total value of £2,364,000 ($3,109,298.96). Over the last three months, insiders sold 440,997 shares of company stock valued at $263,319,551.
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.
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