Barratt Developments (BDEV) Earns Buy Rating from UBS Group

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Barratt Developments (LON:BDEV)‘s stock had its “buy” rating reissued by investment analysts at UBS Group in a report released on Friday, investing.thisismoney.co.uk reports.

A number of other equities research analysts have also commented on BDEV. JPMorgan Chase & Co. increased their price target on Barratt Developments from GBX 650 ($8.49) to GBX 655 ($8.56) and gave the company an “overweight” rating in a research report on Thursday, July 12th. Shore Capital reissued an “under review” rating on shares of Barratt Developments in a research report on Wednesday, July 11th. Liberum Capital reissued a “hold” rating on shares of Barratt Developments in a research report on Wednesday, July 11th. Peel Hunt reissued a “buy” rating on shares of Barratt Developments in a research report on Wednesday, July 11th. Finally, Canaccord Genuity increased their price target on Barratt Developments from GBX 665 ($8.69) to GBX 670 ($8.75) and gave the company a “buy” rating in a research report on Friday, July 13th. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of GBX 677.08 ($8.85).

LON BDEV opened at GBX 513.80 ($6.71) on Friday. Barratt Developments has a 12 month low of GBX 6.26 ($0.08) and a 12 month high of GBX 705.50 ($9.22).

In other Barratt Developments news, insider Richard Akers acquired 10,000 shares of Barratt Developments stock in a transaction on Thursday, July 19th. The stock was purchased at an average price of GBX 525 ($6.86) per share, for a total transaction of £52,500 ($68,600.55).

Barratt Developments Company Profile

Barratt Developments PLC engages in the housebuilding and commercial development businesses in Great Britain. It acquires and develops land; plans, designs, and constructs residential properties, including apartments, penthouses, and communities; and develops and sells homes. The company offers homes under the Barratt Homes, David Wilson Homes, and Barratt London brands.

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Analyst Recommendations for Barratt Developments (LON:BDEV)

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