What Can We Expect From The Barratt Developments (LON:BDEV) Upgrade By Bank of America? The Targeted Price Provided Is GBX 655.00

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Barratt Developments (LON:BDEV) Stock Upgrade

Bank of America has just given Barratt Developments (LON:BDEV) shares an updated “Neutral” rating in recent note revealed to clients and investors on Monday, 14 December. The financial company currently has a respectable GBX 655.00 PT on the stock. The target announced by Bank of America is 10.08% from BDEV’s current share price.

From a total of 12 analysts covering Barratt Developments PLC (LON:BDEV) stock, 4 rate it a ”Buy”, 2 a “Sell”, and 6 a ”Hold”. This means that 33% of the ratings are positive. The highest target price is GBX 823.7 while the lowest target price is GBX 539. The mean of all analyst targets is GBX 649.56 with a 9.59% above today’s (GBX 595.09) stock price. Barratt Developments PLC was the topic of 36 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Deutsche Bank maintained shares on December 14 with “Buy” rating. Deutsche Bank maintained shares with “Buy” rating and GBX 667 target share price in a report from a November 26. Beaufort Securities maintained BDEV stock in a recent report from November 12 with “Buy” rating. Barclays Capital maintained the rating on November 6. Barclays Capital has a “Overweight” rating and a GBX 823.70 price target on shares. Finally, Peel Hunt maintained the stock with “Hold” rating in a report issued on a November 11.

The stock increased 0.44% or GBX 2.59 on December 14, striking GBX 595.09. Approximately 2.81M shares of stock traded hands. Barratt Developments Plc (LON:BDEV) has risen 2.78% since May 15, 2015 and is uptrending. It has outperformed by 7.19% the S&P500.

 What Can We Expect From The Barratt Developments (LON:BDEV) Upgrade By Bank of America? The Targeted Price Provided Is GBX 655.00

Barratt Developments PLC is a United Kingdom holding company. The company has a market cap of 5.96 billion GBP. The Company’s business is acquiring land, obtaining planning consents and building the homes. It has 13.35 P/E ratio. The Company’s three main brands include Barratt Homes, David Wilson Homes and Barratt London.

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