Peel Hunt Reaffirms Its Buy Rating on Barratt Developments PLC (LON:BDEV) Shares Today

September 8, 2018 - By Ash Maslow

Barratt Developments plc (LON:BDEV) Logo

Barratt Developments PLC (LON:BDEV) Rating Reaffirmed

In analysts note published on Thursday, 6 September, Peel Hunt reconfirmed their Buy rating on Barratt Developments PLC (LON:BDEV) shares.

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. Deutsche Bank maintained Barratt Developments plc (LON:BDEV) on Tuesday, August 28 with “Top Pick” rating. As per Wednesday, March 28, the company rating was maintained by Morgan Stanley. The company was upgraded on Wednesday, August 29 by Citigroup. Numis Securities upgraded the stock to “Buy” rating in Thursday, July 12 report. The stock of Barratt Developments plc (LON:BDEV) has “Buy” rating given on Wednesday, September 5 by Canaccord Genuity. The firm has “Buy” rating by Numis Securities given on Thursday, September 6. The stock of Barratt Developments plc (LON:BDEV) has “Buy” rating given on Thursday, May 10 by Peel Hunt. As per Thursday, July 12, the company rating was maintained by JP Morgan. Credit Suisse maintained Barratt Developments plc (LON:BDEV) rating on Thursday, May 10. Credit Suisse has “Outperform” rating and GBX 715 target. The firm earned “Buy” rating on Thursday, September 6 by Deutsche Bank.

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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