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Shares of Barratt Developments Plc (LON:BDEV) have been given an average rating of “Buy” by the fifteen ratings firms that are currently covering the company, American Banking & Market News reports. Six investment analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is GBX 452.33 ($7.59).

BDEV has been the subject of a number of recent research reports. Analysts at Liberum Capital reiterated a “hold” rating on shares of Barratt Developments Plc in a research note on Friday, August 8th. They now have a GBX 387 ($6.49) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Barratt Developments Plc in a research note on Friday, August 1st. They now have a GBX 475 ($7.97) price target on the stock. Finally, analysts at Credit Suisse reiterated a “neutral” rating on shares of Barratt Developments Plc in a research note on Tuesday, July 22nd. They now have a GBX 458 ($7.68) price target on the stock.

Barratt Developments Plc (LON:BDEV) opened at 353.90 on Wednesday. Barratt Developments Plc has a 1-year low of GBX 296.65 and a 1-year high of GBX 2969.3899. The stock has a 50-day moving average of GBX 360.4 and a 200-day moving average of GBX 380.5. The company’s market cap is £3.469 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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