Barratt Developments (LON:BDEV) Rating Lowered to Hold at Peel Hunt

Peel Hunt cut shares of Barratt Developments (LON:BDEV) to a hold rating in a research note released on Thursday, January 11th. Peel Hunt currently has GBX 670 ($9.09) price objective on the real estate development company’s stock.

Several other equities analysts have also recently weighed in on BDEV. JPMorgan Chase & Co. reaffirmed a neutral rating and set a GBX 620 ($8.41) target price on shares of Barratt Developments in a research note on Friday, September 29th. Deutsche Bank reissued a buy rating on shares of Barratt Developments in a research note on Tuesday, October 3rd. Credit Suisse Group raised shares of Barratt Developments to an outperform rating and lifted their price objective for the stock from GBX 578 ($7.84) to GBX 702 ($9.52) in a research note on Friday, October 6th. Barclays lowered their target price on shares of Barratt Developments from GBX 712 ($9.66) to GBX 710 ($9.63) and set an overweight rating for the company in a report on Monday, October 30th. Finally, Shore Capital reiterated a sell rating on shares of Barratt Developments in a report on Wednesday, November 8th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of GBX 666.36 ($9.04).

Shares of Barratt Developments (LON BDEV) opened at GBX 615.20 ($8.34) on Thursday. The stock has a market cap of $6,230.00 and a price-to-earnings ratio of 1,008.52. Barratt Developments has a 52 week low of GBX 6.26 ($0.08) and a 52 week high of GBX 705.50 ($9.57).

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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.

Analyst Recommendations for Barratt Developments (LON:BDEV)

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