Barratt Developments (BDEV) Downgraded to Hold at Peel Hunt

Barratt Developments (LON:BDEV) was downgraded by equities research analysts at Peel Hunt to a “hold” rating in a research note issued to investors on Thursday. They presently have a GBX 670 ($9.09) target price on the real estate development company’s stock. Peel Hunt’s price target suggests a potential upside of 7.86% from the company’s current price.

Other equities analysts also recently issued research reports about the stock. upped their price objective on shares of Barratt Developments from GBX 666 ($9.03) to GBX 774 ($10.50) and gave the company a “buy” rating in a research note on Friday, November 10th. Deutsche Bank restated a “buy” rating on shares of Barratt Developments in a research note on Monday, November 6th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Barratt Developments in a research note on Thursday, November 16th. Finally, Credit Suisse Group restated an “outperform” rating and issued a GBX 702 ($9.52) price objective on shares of Barratt Developments in a research note on Thursday, October 26th. Three analysts have rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of GBX 666.36 ($9.04).

Barratt Developments (LON BDEV) traded up GBX 4.20 ($0.06) during midday trading on Thursday, reaching GBX 621.20 ($8.42). 4,856,410 shares of the company’s stock traded hands, compared to its average volume of 3,330,000. Barratt Developments has a one year low of GBX 6.26 ($0.08) and a one year high of GBX 705.50 ($9.57). The firm has a market capitalization of $6,290.00 and a P/E ratio of 1,018.36.

In other news, insider Jessica White sold 4,110 shares of the stock in a transaction dated Friday, October 20th. The shares were sold at an average price of GBX 694 ($9.41), for a total transaction of £28,523.40 ($38,681.04).

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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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