Numis Has Just Given Barratt Developments PLC (LON:BDEV) a Higher Rating. The Target Price per Share is GBX 667.00

September 8, 2018 - By Jason Dias

Barratt Developments plc (LON:BDEV) Logo

Barratt Developments PLC (LON:BDEV) Stock Upgrade

The equities rating of Barratt Developments PLC (LON:BDEV) shares was boosted by research analysts at Numis to a respectable “Buy” rating in an analyst report published on Thursday morning. The firm Numis has a GBX 667.00 price target on the stock. Numis’s price target gives a possible upside of 19.96 %.

Barratt Developments plc (LON:BDEV) Ratings Coverage

Among 12 analysts covering Barratt Developments PLC (LON:BDEV), 10 have Buy rating, 0 Sell and 2 Hold. Therefore 83% are positive. Barratt Developments PLC has GBX 792 highest and GBX 525 lowest target. GBX 653.45’s average target is 18.08% above currents GBX 553.4 stock price. Barratt Developments PLC had 30 analyst reports since March 28, 2018 according to SRatingsIntel. The stock of Barratt Developments plc (LON:BDEV) earned “Hold” rating by Shore Capital on Wednesday, September 5. The firm earned “Hold” rating on Wednesday, April 25 by Liberum Capital. The stock has “Buy” rating by Numis Securities on Thursday, July 12. The stock of Barratt Developments plc (LON:BDEV) earned “Hold” rating by Shore Capital on Friday, July 13. Morgan Stanley maintained the shares of BDEV in report on Wednesday, March 28 with “Overweight” rating. The rating was maintained by Peel Hunt on Wednesday, September 5 with “Buy”. The rating was maintained by Shore Capital on Monday, September 3 with “Hold”. JP Morgan maintained the shares of BDEV in report on Friday, May 11 with “Neutral” rating. The firm has “Overweight” rating given on Thursday, July 12 by JP Morgan. Liberum Capital maintained the stock with “Hold” rating in Friday, May 25 report.

The stock increased 0.04% or GBX 0.2 during the last trading session, reaching GBX 553.4. About 4.89M shares traded. Barratt Developments plc (LON:BDEV) has 0.00% since September 8, 2017 and is . It has underperformed by 12.57% the S&P500.

Barratt Developments PLC engages in the housebuilding and commercial development businesses in Great Britain. The company has market cap of 5.61 billion GBP. It acquires and develops land; plans, designs, and constructs residential properties, such as apartments, penthouses, and communities; and develops and sells homes. It has a 8.4 P/E ratio. The firm provides homes under the Barratt Homes, David Wilson Homes, and Barratt London brands.

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