-11.68% to Target, Liberum Capital Reaffirms ‘Sell’ Rating on Barratt Developments PLC (LON:BDEV) Shares Today


Barratt Developments PLC (LON:BDEV) Rating Reaffirmed

Liberum Capital now has a GBX 539.00 PT on the 6.14B GBP market cap company or -11.68% downside potential. In analysts note distributed on 2 December, Barratt Developments PLC (LON:BDEV) shares have had their Sell Rating has restated by investment advisers at Liberum Capital.

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 6.50% above today’s (GBX 612.38) stock price. Barratt Developments PLC was the topic of 33 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Liberum Capital maintained shares on November 26 with “Sell” rating. Barclays Capital maintained shares with “Overweight” rating and GBX 823.70 target share price in a report from a November 6. Beaufort Securities maintained BDEV stock in a recent report from November 12 with “Buy” rating. J.P. Morgan downgraded the rating on November 2. J.P. Morgan has a “Neutral” rating and a GBX 665 price target on shares. Finally, Peel Hunt maintained the stock with “Hold” rating in a report issued on a November 11.

Approximately 150,862 shares of stock traded hands. Barratt Developments Plc (LON:BDEV) has risen 20.10% since May 5, 2015 and is uptrending. It has outperformed by 20.30% the S&P500.

-11.68% to Target, Liberum Capital Reaffirms ‘Sell’ Rating on Barratt Developments PLC (LON:BDEV) Shares Today

Barratt Developments PLC is a United Kingdom holding company. The company has a market cap of 6.14 billion GBP. The Company’s business is acquiring land, obtaining planning consents and building the homes. It has 13.74 P/E ratio. The Company’s three main brands include Barratt Homes, David Wilson Homes and Barratt London.