Barratt Developments (LON:BDEV – Get Free Report)‘s stock had its “buy” rating reaffirmed by analysts at Citigroup in a research note issued on Thursday, LSE.Co.UK reports. They currently have a GBX 615 ($8.09) price objective on the real estate development company’s stock. Citigroup’s target price would indicate a potential upside of 21.78% from the stock’s previous close.
BDEV has been the subject of a number of other reports. Royal Bank of Canada restated a “sector perform” rating and set a GBX 575 ($7.56) price objective on shares of Barratt Developments in a research note on Thursday. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 560 ($7.36) price target on shares of Barratt Developments in a research note on Wednesday, July 17th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 540.40 ($7.11).
Check Out Our Latest Analysis on BDEV
Barratt Developments Trading Up 1.8 %
Insider Buying and Selling
In other news, insider Steven J. Boyes sold 118 shares of the stock in a transaction on Thursday, July 11th. The shares were sold at an average price of GBX 483 ($6.35), for a total transaction of £569.94 ($749.43). 1.51% of the stock is owned by insiders.
About Barratt Developments
Barratt Developments plc engages in the housebuilding business in the United Kingdom. The company acquires and develops land; plans, designs, and constructs homes, apartments, penthouses, and communities, as well as undertakes mixed-use regeneration schemes; and develops retail, leisure, office, industrial, and mixed-use properties.
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