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Home / Momentum / Barratt Developments PLC (BDEV.L) 27-01-20

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Barratt Developments PLC (BDEV.L) 27-01-20

Barratt Developments PLC (BDEV.L) has continued to rally strongly, setting new recent highs. Will the momentum persist?

 

  • Now trading at 801p (at time of writing), momentum has been robust.
  • Will it end, or is this trend your friend?
  • Is this the opportunity for momentum traders?
  • Momentum has been robust, but traders should remember that past performance is not always an indication of the future.
  • Technical traders should be mindful of breaking news. It can influence price action. Check our website for updates.
  • Shares -1% from 12-month highs; +49% from 12 month lows.

Latest News

14 Jan:  Deutsche Bank has upgraded its rating on Barratt Developments (BDEV) to buy (from hold) and increased the target price to 807p (from 648p).

13 Jan:  Bank of America Merrill Lynch has downgraded its rating on Barratt Developments (BDEV) to neutral (from buy) and increased the target price to 800p (from 749p).   ovided…

13 Jan:  Peel Hunt reiterates its hold rating on Barratt Developments (BDEV) and increased the target price to 805p (from 650p).

10 Jan:  Morgan Stanley reiterates its overweight rating on Barratt Developments (BDEV) and increased the target price to 790p (from 675p).

10 Jan:  Citigroup has downgraded its rating on Barratt Developments (BDEV) to neutral (from buy).

09 Jan:  Berenberg reiterates its buy rating on Barratt Developments (BDEV) and increased the target price to 800p (from 670p).

07 Jan:  Canaccord Genuity reiterates its buy rating on Barratt Developments (BDEV) and increased the target price to 820p (from 660p).

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

Click to enlarge

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