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Barratt Developments PLC (LON:BDEV) target price lowered to 470.00GBX, reported today by JP Morgan Cazenove

Only yesterday Barratt Developments PLC (LON:BDEV) traded 0.84% lower at 436.05GBX. Barratt Developments PLC’s 50-day moving average is 465.62GBX and its 200-day average is 504.73GBX. With the last stock price close down 6.21% relative to the 200-day average, compared to the Standard & Poor’s 500 Index which has decreased -0.01% over the same time. 6,272,525 shares of BDEV traded hands, down from ann avg. trading volume of 6,353,420.

Barratt Developments PLC (LON:BDEV) had its estimated target price reduced to 470GBX by JP Morgan Cazenove in an issued report announced 8/15/2016. The new target price suggests a possible upside of 0.08% from the bussiness’ last closing price.

Performance Chart:

Barratt Developments PLC (LON:BDEV)

Also covering Barratt Developments PLC’s stock price target, a total of 12 equity analysts have released a research note on the company. The average target price is 545.58GBX with two analysts rating the stock a strong buy, four firms rating the company a buy, eight analysts rating the stock a hold, 0 rating the stock to underperform, and finally 0 brokerages rating the company as sell.

With a total market value of 0.0 GBX, Barratt Developments PLC has a one-year low of 326.00GBX and a one-year high of 673.50GBX with a price-earnings ratio of 9.

General Company Details For 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, and delivering new homes throughout Britain. It operates through its approximately six regions and over 30 operating divisions.

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