Canaccord Genuity Maintained Barratt Developments (LON:BDEV) As a Buy; They Now Have a Target Price per Share Of GBX 670.00

July 13, 2018 - By Nellie Rakes

Barratt Developments plc (LON:BDEV) Logo

Barratt Developments (LON:BDEV) Rating Reaffirmed

Canaccord Genuity now has a GBX 670.00 target on the 5.23 billion GBP market cap company or 29.54 % upside potential. In analysts note shared with investors and clients on Friday morning, Barratt Developments (LON:BDEV) shares have had their Buy Rating restate by equity analysts at Canaccord Genuity.

Barratt Developments plc (LON:BDEV) Ratings Coverage

Among 10 analysts covering Barratt Developments PLC (LON:BDEV), 8 have Buy rating, 0 Sell and 2 Hold. Therefore 80% are positive. Barratt Developments PLC has GBX 789 highest and GBX 525 lowest target. GBX 657.11’s average target is 27.05% above currents GBX 517.2 stock price. Barratt Developments PLC had 31 analyst reports since January 15, 2018 according to SRatingsIntel. As per Monday, January 15, the company rating was maintained by Liberum Capital. On Wednesday, April 25 the stock rating was maintained by Liberum Capital with “Hold”. The stock has “Buy” rating by Peel Hunt on Wednesday, July 11. The rating was upgraded by Shore Capital to “Hold” on Friday, July 13. The rating was maintained by JP Morgan with “Neutral” on Friday, May 11. The rating was maintained by Liberum Capital on Tuesday, March 6 with “Sell”. Canaccord Genuity maintained the shares of BDEV in report on Wednesday, February 21 with “Buy” rating. Credit Suisse maintained Barratt Developments plc (LON:BDEV) on Thursday, May 10 with “Outperform” rating. The firm has “Buy” rating by Peel Hunt given on Thursday, May 10. The firm has “Add” rating given on Wednesday, February 21 by Numis Securities.

The stock increased 1.41% or GBX 7.2 during the last trading session, reaching GBX 517.2. About 5.70 million shares traded or 14.55% up from the average. Barratt Developments plc (LON:BDEV) has 0.00% since July 14, 2017 and is . It has underperformed by 12.57% the S&P500.

Barratt Developments PLC engages in the housebuilding and commercial development businesses in Great Britain. The company has market cap of 5.23 billion GBP. It acquires and develops land; plans, designs, and constructs residential properties, such as apartments, penthouses, and communities; and develops and sells homes. It has a 8.36 P/E ratio. The firm provides homes under the Barratt Homes, David Wilson Homes, and Barratt London brands.

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