Barratt Developments plc (OTCMKTS:BTDPY) Receives Average Rating of “Hold” from Analysts

Shares of Barratt Developments plc (OTCMKTS:BTDPYGet Rating) have earned a consensus recommendation of “Hold” from the nine analysts that are covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $722.00.

BTDPY has been the subject of a number of research reports. Morgan Stanley initiated coverage on shares of Barratt Developments in a research report on Friday, July 8th. They set an “equal weight” rating for the company. Berenberg Bank downgraded shares of Barratt Developments from a “buy” rating to a “hold” rating in a research report on Monday, September 12th. HSBC downgraded shares of Barratt Developments from a “buy” rating to a “hold” rating in a research report on Friday, September 2nd. Finally, JPMorgan Chase & Co. decreased their target price on shares of Barratt Developments from GBX 650 ($7.85) to GBX 610 ($7.37) in a research report on Friday, July 15th.

Barratt Developments Stock Performance

OTCMKTS BTDPY opened at $9.95 on Tuesday. The company has a fifty day moving average of $10.99 and a 200 day moving average of $12.17. Barratt Developments has a 1 year low of $9.12 and a 1 year high of $20.71.

Barratt Developments Company Profile

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Barratt Developments plc engages in the housebuilding and commercial development businesses in Great Britain. It acquires and develops land; plans, designs, and constructs homes, apartments, penthouses, and communities; and retail, leisure, office, industrial, and mixed-use properties. The company offers homes under the Barratt Homes, David Wilson Homes, and Barratt London brands.

Further Reading

Analyst Recommendations for Barratt Developments (OTCMKTS:BTDPY)

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