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Barratt Developments PLC (LON:BDEV) target price held steady at 470.00GBX, reported today by Canaccord Genuity

Barratt Developments PLC (LON:BDEV) had its target price hold steady to 470.00GBX by Canaccord Genuity in a report released 10/4/2016. The new target price indicates a possible downside of -0.09% based on the company's last stock close price.

Previously on 10/3/2016, Liberum Capital reported about Barratt Developments PLC (LON:BDEV) held steady the target price at 485.00GBX. At the time, this indicated a possible downside of -0.03%.

Yesterday Barratt Developments PLC (LON:BDEV) traded 1.36% higher at 515.25GBX. The company’s 50-day moving average is 483.10GBX and its 200-day moving average is 498.22GBX. The last stock close price is up 0.56% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 7,123,825 shares of the stock were exchanged, up from an average trading volume of 5,787,010

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Barratt Developments PLC (LON:BDEV)

Barratt Developments PLC has a 52 week low of 326.00GBX and a 52 week high of 661.00GBX with a P/E ratio of 9.23 The company’s market cap is currently 0 GBX.

In addition to Canaccord Genuity 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 United Kingdom-based holding company. The Company's business is acquiring land, obtaining planning consents and building the homes. The Company's three main brands include Barratt Homes, David Wilson Homes and Barratt London. Barratt London is the residential developer in the capital. The Company has a national footprint, delivering new homes throughout Britain. It operates through its approximately six regions and over 30 operating divisions.

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