JPMorgan Chase & Co. Reaffirms Top Pick Rating for Barratt Developments (BDEV)

Barratt Developments (LON:BDEV)‘s stock had its “top pick” rating reiterated by JPMorgan Chase & Co. in a report issued on Tuesday, September 25th.

Other equities analysts have also issued reports about the stock. Berenberg Bank started coverage on shares of Barratt Developments in a research report on Wednesday, July 25th. They issued a “buy” rating and a GBX 670 ($8.75) price target on the stock. UBS Group reiterated a “buy” rating and set a GBX 665 ($8.69) target price (up from GBX 650 ($8.49)) on shares of Barratt Developments in a research report on Tuesday, July 17th. Canaccord Genuity upped their target price on shares of Barratt Developments from GBX 665 ($8.69) to GBX 670 ($8.75) and gave the stock a “buy” rating in a research report on Friday, July 13th. Numis Securities upgraded shares of Barratt Developments to a “buy” rating and set a GBX 667 ($8.72) target price on the stock in a research report on Thursday, July 12th. Finally, Peel Hunt reiterated a “buy” rating on shares of Barratt Developments in a research report on Wednesday, July 11th. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of GBX 677.08 ($8.85).

LON BDEV traded up GBX 26 ($0.34) on Tuesday, reaching GBX 513.80 ($6.71). The company’s stock had a trading volume of 11,952,707 shares, compared to its average volume of 4,890,000. Barratt Developments has a 52 week low of GBX 6.26 ($0.08) and a 52 week high of GBX 705.50 ($9.22).

In other news, insider Richard Akers bought 10,000 shares of the stock in a transaction on Thursday, July 19th. The stock was purchased at an average price of GBX 525 ($6.86) per share, with a total value 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.

Further Reading: Understanding Stock Ratings

Analyst Recommendations for Barratt Developments (LON:BDEV)

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