Barratt Developments Plc 12.1% Potential Upside Indicated by Bank of America Merrill Lynch

Broker Ratings
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Barratt Developments Plc using EPIC/TICKER code (LON:BDEV) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘BUY’ today by analysts at Bank of America Merrill Lynch. Barratt Developments Plc are listed in the Consumer Goods sector within UK Main Market. Bank of America Merrill Lynch have set their target price at 740 GBX on its stock. This is indicating the analyst believes there is a potential upside of 12.1% from the opening price of 660 GBX. Over the last 30 and 90 trading days the company share price has increased 20.8 points and increased 4.6 points respectively. The 52 week high share price is 702.8 GBX while the year low stock price is currently 430 GBX.

Barratt Developments Plc has a 50 day moving average of 642.61 GBX and the 200 Day Moving Average price is recorded at 608.63. There are currently 1,018,193,740 shares in issue with the average daily volume traded being 5,866,684. Market capitalisation for LON:BDEV is £6,709,896,746 GBP.

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