Deutsche Bank Sticks With Its Buy Rating on Barratt Developments PLC (LON:BDEV) Shares Today


Barratt Developments PLC (LON:BDEV) Rating Reaffirmed

This Morning, Deutsche Bank reaffirmed their Buy rating on Barratt Developments PLC (LON:BDEV) shares in analysts report distributed.

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 6.30% above today’s (GBX 613.5) stock price. Barratt Developments PLC was the topic of 35 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Deutsche Bank maintained shares on December 7 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 closed the day at GBX 613.5 during the previous session. It is down 11.65% since May 8, 2015 and is uptrending. It has outperformed by 12.73% the S&P500.

Deutsche Bank Sticks With Its Buy 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 6.15 billion GBP. The Company’s business is acquiring land, obtaining planning consents and building the homes. It has 13.77 P/E ratio. The Company’s three main brands include Barratt Homes, David Wilson Homes and Barratt London.