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Barclays hoisted their price target on shares of Barratt Developments (LON:BDEV) from GBX 444.70 ($7.31) to GBX 471.20 ($7.74) in a research note issued on Tuesday, American Banking and Market News reports. The firm currently has an “overweight” rating on the stock. Barclays’ price objective would indicate a potential upside of 24.95% from the stock’s previous close.

Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Barratt Developments in a research note to investors on Friday. They now have a GBX 394 ($6.47) price target on the stock. Separately, analysts at Jefferies Group cut their price target on shares of Barratt Developments from GBX 474 ($7.79) to GBX 466 ($7.66) in a research note to investors on Friday. They now have a “buy” rating on the stock. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of GBX 397.68 ($6.54).

Barratt Developments (LON:BDEV) traded up 0.27% during mid-day trading on Tuesday, hitting GBX 377.10. The stock had a trading volume of 2,421,218 shares. Barratt Developments has a 52 week low of GBX 219.40 and a 52 week high of GBX 398.00. The stock has a 50-day moving average of GBX 363. and a 200-day moving average of GBX 336.2. The company’s market cap is £3.679 billion.

Barratt Developments PLC is a holding company. The Company’s principal activities consists of acquiring and developing land, planning, designing and constructing residential property developments and selling the homes it builds.

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