Barratt Developments P L C -16.2% potential downside indicated by JP Morgan

Barratt Developments P L C with ticker (LON:BDEV) now has a potential downside of -16.2% according to JP Morgan.



JP Morgan set a target price of 370 GBX for the company, which when compared to the Barratt Developments P L C share price of 442 GBX at opening today (17/08/2023) indicates a potential downside of -16.2%. Trading has ranged between 313 (52 week low) and 515 (52 week high) with an average of 3,054,835 shares exchanging hands daily. The market capitalisation at the time of writing is £4,306,688,846.

Barratt Developments PLC is engaged in housebuilding and commercial development. The Company’s business is acquiring land, obtaining planning consents and building homes. Its three consumer brands, Barratt Homes, David Wilson Homes, and Barratt London offers a variety of properties across the United Kingdom. It also has a commercial business, Wilson Bowden creating spaces from industrial and office buildings to retail and leisure. Barratt Homes focuses on providing homes for first time buyers and families, offering a range of properties across England, Scotland, and Wales. David Wilson Homes is engaged in building family homes. Barratt London is a residential developer and its portfolio in London is diverse and ranges from apartments and penthouses in Westminster to riverside communities in Fulham, and complex, mixed-use regeneration schemes in Hendon. Wilson Bowden Developments is its commercial development arm focused on retail, leisure, office, industrial, and mixed-use schemes.