Barratt Developments (LON:BDEV) had its target price increased by analysts at Deutsche Bank from GBX 768 ($10.34) to GBX 785 ($10.57) in a note issued to investors on Thursday, November 30th. The brokerage currently has a “buy” rating on the real estate development company’s stock. Deutsche Bank’s price objective would suggest a potential upside of 25.70% from the stock’s current price.
Other research analysts have also recently issued reports about the company. Credit Suisse Group restated an “outperform” rating and set a GBX 702 ($9.45) price target on shares of Barratt Developments in a research note on Thursday, October 26th. Liberum Capital reaffirmed a “sell” rating and set a GBX 537 ($7.23) price objective on shares of Barratt Developments in a report on Tuesday, November 21st. Bank of America raised their price objective on Barratt Developments from GBX 460 ($6.19) to GBX 500 ($6.73) and gave the stock an “underperform” rating in a report on Tuesday, September 12th. Shore Capital reiterated a “sell” rating on shares of Barratt Developments in a research note on Wednesday, November 8th. Finally, Beaufort Securities increased their target price on shares of Barratt Developments from GBX 650 ($8.75) to GBX 675 ($9.08) and gave the stock a “buy” rating in a research note on Thursday, September 7th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of GBX 661.50 ($8.90).
Shares of Barratt Developments (LON:BDEV) opened at GBX 624.50 ($8.41) on Thursday. Barratt Developments has a 52 week low of GBX 6.26 ($0.08) and a 52 week high of GBX 705.50 ($9.50).
In other news, insider Jessica White sold 4,110 shares of the company’s stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of GBX 694 ($9.34), for a total value of £28,523.40 ($38,389.50). Also, insider David Thomas sold 400,000 shares of the stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of GBX 591 ($7.95), for a total transaction of £2,364,000 ($3,181,695.83). In the last ninety days, insiders have sold 440,997 shares of company stock valued at $263,319,551.
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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.
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