Barratt Developments (OTCMKTS:BTDPY) Hits New 52-Week Low at $10.97

Barratt Developments plc (OTCMKTS:BTDPYGet Rating) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $10.97 and last traded at $11.16, with a volume of 13640 shares traded. The stock had previously closed at $11.58.

BTDPY has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft decreased their price target on Barratt Developments from GBX 862 ($10.58) to GBX 834 ($10.23) in a research note on Monday, May 9th. JPMorgan Chase & Co. decreased their target price on shares of Barratt Developments from GBX 710 ($8.71) to GBX 650 ($7.97) in a research note on Friday, May 6th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Barratt Developments currently has a consensus rating of “Moderate Buy” and a consensus target price of $754.67.

The business has a 50-day simple moving average of $12.06 and a 200 day simple moving average of $14.97.

About Barratt Developments (OTCMKTS:BTDPY)

Barratt Developments plc engages in the housebuilding and commercial development businesses in Great Britain. It acquires and develops land; plans, designs, and constructs homes, apartments, penthouses, and communities; and retail, leisure, office, industrial, and mixed-use properties. The company offers homes under the Barratt Homes, David Wilson Homes, and Barratt London brands.

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