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Liberum Capital announced Barratt Developments PLC (LON:BDEV), upholding its stock price target at 537.00GBX today

Just yesterday Barratt Developments PLC (LON:BDEV) traded -0.84% lower at 627.50GBX. Barratt Developments PLC’s 50-day moving average is 637.11GBX and its 200-day moving average is 605.28GBX. The last closing price is up 7.55% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.02% over the same time period. 2,474,105 shares of BDEV traded hands, down from an average trading volume of 5,127,570

In a report released on Wednesday November 15, 2017 Liberum Capital hold steady the stock price target of Barratt Developments PLC (LON:BDEV) from 537.00GBX to 537.00GBX reporting a possible downside of -0.14%.

Previously on 11/10/2017, HSBC reported on Barratt Developments PLC (LON:BDEV) increased the target price from 666.00GBX to 774.00GBX. At the time, this indicated a possible upside of 0.23%.

Recent Performance Chart

Barratt Developments PLC (LON:BDEV)

Barratt Developments PLC has 52 week low of 433.00GBX and a 52 week high of 705.50GBX with a PE ratio of 10.72 and has a market capitalization of 0 GBX.

In addition to Liberum Capital reporting its stock price target, a total of 12 brokers have issued a research note on the company. The average stock price target is 545.58GBX with 2 brokers rating the stock a strong buy, 4 brokers rating the stock a buy, 8 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

Brief Synopsis On Barratt Developments PLC (LON:BDEV)

Barratt Developments PLC is a holding company. The Company is principally engaged in acquiring and developing land, planning, designing and constructing residential property developments and selling the homes, which it builds throughout Britain. The Company operates in two segments: Housebuilding and Commercial developments. Its housebuilding segment operates through approximately six regions and approximately 30 operating divisions delivering over 17,319 homes. Its Commercial developments are delivered by Wilson Bowden developments. It purchases land in targeted locations and designs homes for its customers using standard house designs. Its brands include Barratt Homes, David Wilson Homes and Barratt London. Its Barratt Homes brand focuses on making homes. Its Barratt London brand portfolio offers apartments and penthouses in Westminster to riverside communities in Fulham. Its David Wilson Homes brand offers home design and specification, and focuses on developing family homes.

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