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Shore Capital retained Barratt Developments PLC (LON:BDEV) to Sell in a report released today.

Yesterday Barratt Developments PLC (LON:BDEV) traded -0.84% lower at 621.75GBX. The company’s 50-day moving average is 637.11GBX and its 200-day moving average is 605.28GBX. The last stock close price is up 7.55% from the 200-day moving average, compared to the S&P 500 which has increased 0.02% over the same time. 2,474,105 shares of the stock were exchanged, down from an average trading volume of 5,127,570

Shore Capital has retained Barratt Developments PLC (LON:BDEV) to Sell in a report released on 11/15/2017.

Previously on Friday November 10, 2017, HSBC reported about Barratt Developments PLC (LON:BDEV) raised the target price from 666.00GBX to 774.00GBX. At the time, this indicated a possible upside of 0.23%.

See Chart Below

Barratt Developments PLC (LON:BDEV)

Barratt Developments PLC has a 52 week low of 433.00GBX and a 52 week high of 705.50GBX with a P/E ratio of 10.72 The company’s market cap is currently 0 GBX.

In addition to Shore Capital reporting its target price, a total of 12 firms have reported on the stock. The consensus target price is 545.58GBX with 2 firms rating the stock a strong buy, 4 firms rating the stock a buy, 8 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Barratt Developments PLC (LON:BDEV)

Barratt Developments PLC is a holding company. The Company is principally engaged in acquiring and developing land, planning, designing and constructing residential property developments and selling the homes, which it builds throughout Britain. The Company operates in two segments: Housebuilding and Commercial developments. Its housebuilding segment operates through approximately six regions and approximately 30 operating divisions delivering over 17,319 homes. Its Commercial developments are delivered by Wilson Bowden developments. It purchases land in targeted locations and designs homes for its customers using standard house designs. Its brands include Barratt Homes, David Wilson Homes and Barratt London. Its Barratt Homes brand focuses on making homes. Its Barratt London brand portfolio offers apartments and penthouses in Westminster to riverside communities in Fulham. Its David Wilson Homes brand offers home design and specification, and focuses on developing family homes.

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