Deutsche Bank Maintains “Buy” Rating for Barratt Developments PLC (LON:BDEV) stock. What’s the Best Move for Investors?


Barratt Developments PLC (LON:BDEV) Rating Reaffirmed

In an interesting research report issued to clients on Monday, 21 December, Barratt Developments PLC (LON:BDEV) shares had their “Buy” Rating kept steady by analysts at Deutsche Bank.

From a total of 12 analysts covering Barratt Developments PLC (LON:BDEV) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN 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 654.56 with a 7.98% above today’s (GBX 604) stock price. Barratt Developments PLC was the topic of 37 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Liberum Capital maintained shares on December 16 with “Sell” 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 604 during the previous session. It is down 1.43% since May 22, 2015 and is uptrending. It has outperformed by 7.23% the S&P500.

Deutsche Bank Maintains

Barratt Developments PLC is a United Kingdom holding company. The company has a market cap of 6.05 billion GBP. The Company’s business is acquiring land, obtaining planning consents and building the homes. It has 13.55 P/E ratio. The Company’s three main brands include Barratt Homes, David Wilson Homes and Barratt London.