Barratt Developments (BDEV) Upgraded to Neutral by Bank of America

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Bank of America upgraded shares of Barratt Developments (LON:BDEV) to a neutral rating in a research note released on Friday. The brokerage currently has GBX 535 ($6.99) price target on the real estate development company’s stock, up from their prior price target of GBX 470 ($6.14).

A number of other equities analysts also recently issued reports on the stock. JPMorgan Chase & Co. reissued a top pick rating on shares of Barratt Developments in a research note on Tuesday, September 25th. Peel Hunt reissued a buy rating on shares of Barratt Developments in a research note on Wednesday, October 10th. Liberum Capital reissued a hold rating on shares of Barratt Developments in a research note on Tuesday, October 30th. UBS Group reissued a buy rating on shares of Barratt Developments in a research note on Friday, October 12th. Finally, Shore Capital reissued a hold rating on shares of Barratt Developments in a research note on Wednesday, October 17th. Two analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of Buy and a consensus price target of GBX 659.58 ($8.62).

BDEV stock traded up GBX 14.20 ($0.19) during trading on Friday, reaching GBX 503.40 ($6.58). The company had a trading volume of 7,216,865 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 Jessica White purchased 10,000 shares of Barratt Developments stock in a transaction that occurred on Monday, December 17th. The stock was bought at an average price of GBX 437 ($5.71) per share, with a total value of £43,700 ($57,101.79). Also, insider David Thomas sold 89,287 shares of the firm’s stock in a transaction that occurred on Friday, October 19th. The shares were sold at an average price of GBX 497 ($6.49), for a total transaction of £443,756.39 ($579,846.32).

About Barratt Developments

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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