Barratt Developments’ (BDEV) Hold Rating Reiterated at Shore Capital

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Shore Capital restated their hold rating on shares of Barratt Developments (LON:BDEV) in a report released on Monday.

Several other research firms have also commented on BDEV. Deutsche Bank restated a top pick rating on shares of Barratt Developments in a research note on Tuesday, August 28th. UBS Group restated a buy rating and issued a GBX 665 ($8.58) price objective (up from GBX 650 ($8.38)) on shares of Barratt Developments in a research note on Tuesday, July 17th. Citigroup restated a buy rating and issued a GBX 634 ($8.18) price objective (up from GBX 530 ($6.84)) on shares of Barratt Developments in a research note on Wednesday, August 29th. Credit Suisse Group upped their price objective on Barratt Developments from GBX 702 ($9.06) to GBX 715 ($9.22) and gave the stock an outperform rating in a research note on Thursday, May 10th. Finally, Canaccord Genuity upped their price objective on Barratt Developments from GBX 665 ($8.58) to GBX 670 ($8.64) and gave the stock a buy rating in a research note on Friday, July 13th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of GBX 662.64 ($8.55).

LON:BDEV opened at GBX 545.20 ($7.03) on Monday. Barratt Developments has a one year low of GBX 6.26 ($0.08) and a one year high of GBX 705.50 ($9.10).

In other news, insider John Allan bought 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 11th. The stock was bought at an average price of GBX 491 ($6.33) per share, with a total value of £49,100 ($63,338.49).

About Barratt Developments

Barratt Developments PLC engages in the housebuilding and commercial development businesses in Great Britain. It acquires and develops land; plans, designs, and constructs residential properties, such as apartments, penthouses, and communities; and develops and sells homes. The company provides homes under the Barratt Homes, David Wilson Homes, and Barratt London brands.

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Analyst Recommendations for Barratt Developments (LON:BDEV)

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