JPMorgan Chase & Co. Reiterates “Neutral” Rating for Barratt Developments (BDEV)

JPMorgan Chase & Co. reiterated their neutral rating on shares of Barratt Developments (LON:BDEV) in a research note published on Monday morning. The brokerage currently has a GBX 650 ($8.81) price target on the real estate development company’s stock.

Several other brokerages have also issued reports on BDEV. Credit Suisse Group reissued an outperform rating and set a GBX 702 ($9.52) target price on shares of Barratt Developments in a research note on Thursday, October 26th. Barclays cut their target price on shares of Barratt Developments from GBX 712 ($9.66) to GBX 710 ($9.63) and set an overweight rating on the stock in a research note on Monday, October 30th. Liberum Capital increased their target price on shares of Barratt Developments from GBX 537 ($7.28) to GBX 575 ($7.80) and gave the stock a sell rating in a research note on Wednesday, January 3rd. Shore Capital reissued a sell rating on shares of Barratt Developments in a research note on Wednesday, November 8th. Finally, Deutsche Bank reissued a buy rating on shares of Barratt Developments in a research note on Monday, November 6th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of Hold and an average target price of GBX 666.36 ($9.04).

Barratt Developments (BDEV) opened at GBX 623.60 ($8.46) on Monday. The stock has a market cap of $6,340.00 and a price-to-earnings ratio of 1,022.30. Barratt Developments has a 12 month low of GBX 6.26 ($0.08) and a 12 month high of GBX 705.50 ($9.57).

In other Barratt Developments news, insider Jessica White sold 4,110 shares of the firm’s stock in a transaction on Friday, October 20th. The shares were sold at an average price of GBX 694 ($9.41), for a total value 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.

Analyst Recommendations for Barratt Developments (LON:BDEV)

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