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Barratt Developments Plc 8.4% Potential Upside Indicated by Deutsche Bank

Barratt Developments Plc using EPIC/TICKER code (LON:BDEV) has had its stock rating noted as ‘Initiates/Starts’ with the recommendation being set at ‘HOLD’ today by analysts at Deutsche Bank. Barratt Developments Plc are listed in the Consumer Goods sector within UK Main Market. Deutsche Bank have set a target price of 648 GBX on its stock. This is indicating the analyst believes there is a potential upside of 8.4% from the opening price of 597.8 GBX. Over the last 30 and 90 trading days the company share price has decreased 27.8 points and increased 31.6 points respectively. The 1 year high for the stock price is 670.2 GBX while the year low stock price is currently 430 GBX.

Barratt Developments Plc has a 50 day moving average of 627.51 GBX and a 200 Day Moving Average share price is recorded at 578.94. There are currently shares in issue with the average daily volume traded being 4,339,640. Market capitalisation for LON:BDEV is £6,149,350,944 GBP.