Barratt Developments P L C -9.6% potential downside indicated by JP Morgan

Barratt Developments P L C with ticker (LON:BDEV) now has a potential downside of -9.6% according to JP Morgan.



JP Morgan set a target price of 430 GBX for the company, which when compared to the Barratt Developments P L C share price of 476 GBX at opening today (25/04/2023) indicates a potential downside of -9.6%. Trading has ranged between 313 (52 week low) and 524 (52 week high) with an average of 3,719,961 shares exchanging hands daily. The market capitalisation at the time of writing is £4,706,412,958.

Barratt Developments PLC is a United Kingdom-based company engaged in housebuilding and commercial development. The Company is engaged in acquiring and developing land, planning, designing and constructing residential property developments and selling the homes, which it builds throughout Britain. Its brands include Barratt Homes, David Wilson Homes, Wilson Bowden Developments and Barratt London. Barratt Homes focuses on providing homes for first time buyers and families, offering a range of properties across England, Scotland and Wales. Wilson Bowden Developments is its commercial development arm focused on retail, leisure, office, industrial and mixed-use schemes. The projects of Wilson Bowden Developments range from single sites to industrial developments, office parks and town center regeneration project. Barratt London portfolio in London ranges from apartments and penthouses in Westminster to riverside communities in Fulham, and complex, mixed-use regeneration schemes in Hendon.