Shares of Barratt Developments Plc (LON:BDEV) have received an average rating of “Hold” from the fifteen analysts that are presently covering the company, Marketbeat reports. 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. The average 12-month target price among brokers that have covered the stock in the last year is GBX 663.64 ($8.87).
Several analysts recently issued reports on BDEV shares. JPMorgan Chase & Co. reiterated a “neutral” rating and set a GBX 620 ($8.29) price objective on shares of Barratt Developments in a report on Friday, September 29th. Deutsche Bank reiterated a “buy” rating and set a GBX 785 ($10.50) price objective on shares of Barratt Developments in a report on Monday, December 18th. Shore Capital reiterated a “sell” rating on shares of Barratt Developments in a report on Wednesday, November 8th. Peel Hunt upgraded Barratt Developments to an “add” rating and set a GBX 670 ($8.96) price objective for the company in a report on Wednesday, September 27th. Finally, increased their price objective on Barratt Developments from GBX 666 ($8.90) to GBX 774 ($10.35) and gave the stock a “buy” rating in a report on Friday, November 10th.
Barratt Developments (LON:BDEV) traded down GBX 2 ($0.03) on Monday, hitting GBX 648.50 ($8.67). The stock had a trading volume of 2,270,870 shares, compared to its average volume of 4,780,000. The stock has a market capitalization of $6,580.00 and a price-to-earnings ratio of 1,063.11. Barratt Developments has a one year low of GBX 6.26 ($0.08) and a one year high of GBX 705.50 ($9.43).
In other news, insider Jessica White sold 4,110 shares of the firm’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of GBX 694 ($9.28), for a total value of £28,523.40 ($38,137.99). Also, insider David Thomas sold 26,887 shares of the firm’s stock in a transaction dated Monday, October 9th. The shares were sold at an average price of GBX 653 ($8.73), for a total value of £175,572.11 ($234,753.46). Over the last ninety days, insiders sold 40,997 shares of company stock worth $26,919,551.
Barratt Developments 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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