Barratt Developments (LON:BDEV)‘s stock had its “neutral” rating reissued by investment analysts at JPMorgan Chase & Co. in a research note issued to investors on Wednesday.
Other analysts also recently issued reports about the stock. Deutsche Bank increased their price target on shares of Barratt Developments from GBX 768 ($10.61) to GBX 785 ($10.85) and gave the stock a “buy” rating in a report on Thursday, November 30th. Barclays lowered their price target on shares of Barratt Developments from GBX 710 ($9.81) to GBX 658 ($9.09) and set an “overweight” rating on the stock in a report on Monday, February 5th. Numis Securities raised shares of Barratt Developments to an “add” rating and set a GBX 667 ($9.22) price target on the stock in a report on Wednesday. Shore Capital restated a “sell” rating on shares of Barratt Developments in a research report on Wednesday, November 15th. Finally, Credit Suisse Group restated an “outperform” rating and set a GBX 702 ($9.70) price objective on shares of Barratt Developments in a research report on Friday, February 9th. 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 company’s stock. Barratt Developments presently has a consensus rating of “Hold” and a consensus target price of GBX 667.50 ($9.22).
Shares of Barratt Developments (BDEV) opened at GBX 546.20 ($7.55) on Wednesday. Barratt Developments has a twelve month low of GBX 6.26 ($0.09) and a twelve month high of GBX 705.50 ($9.75). The stock has a market cap of $5,530.00 and a price-to-earnings ratio of 880.97.
In other Barratt Developments news, insider John Allan bought 8,500 shares of Barratt Developments stock in a transaction dated Wednesday, February 21st. The stock was acquired at an average cost of GBX 568 ($7.85) per share, for a total transaction of £48,280 ($66,703.51).
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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