Shares of Barratt Developments plc (BDEV.L) (LON:BDEV) have received an average recommendation of “Buy” from the fifteen brokerages that are covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is GBX 666.38 ($8.71).
Several equities research analysts have issued reports on BDEV shares. Peel Hunt reaffirmed a “hold” rating and set a GBX 575 ($7.51) price target on shares of Barratt Developments plc (BDEV.L) in a report on Wednesday, October 14th. Canaccord Genuity reissued a “buy” rating and set a GBX 710 ($9.28) target price on shares of Barratt Developments plc (BDEV.L) in a report on Monday, December 21st. JPMorgan Chase & Co. raised Barratt Developments plc (BDEV.L) to an “overweight” rating and set a GBX 590 ($7.71) target price for the company in a report on Friday, September 11th. Liberum Capital lifted their target price on Barratt Developments plc (BDEV.L) from GBX 445 ($5.81) to GBX 525 ($6.86) and gave the stock a “hold” rating in a report on Monday, September 7th. Finally, Berenberg Bank lifted their target price on Barratt Developments plc (BDEV.L) from GBX 610 ($7.97) to GBX 630 ($8.23) and gave the stock a “buy” rating in a report on Wednesday, October 14th.
In related news, insider Jessica White sold 360 shares of the firm’s stock in a transaction on Tuesday, November 24th. The stock was sold at an average price of GBX 649 ($8.48), for a total value of £2,336.40 ($3,052.52).
Barratt Developments plc (BDEV.L) Company Profile
Barratt Developments plc engages in the housebuilding and commercial development businesses in Great Britain. It acquires and develops land; plans, designs, and constructs homes, apartments, penthouses, and communities; and retail, leisure, office, industrial, and mixed-use properties. The company offers homes under the Barratt Homes, David Wilson Homes, and Barratt London brands.
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