Barratt Developments Plc (LON:BDEV) insider Steven J. Boyes sold 435,000 shares of the business’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of GBX 842 ($11.08), for a total transaction of £3,662,700 ($4,818,074.19).
Shares of LON:BDEV opened at GBX 870.60 ($11.45) on Friday. The stock has a market capitalization of $8.87 billion and a PE ratio of 11.88. Barratt Developments Plc has a 1 year low of GBX 535.60 ($7.05) and a 1 year high of GBX 979.54 ($12.89). The firm has a fifty day moving average price of GBX 789.29 and a 200 day moving average price of GBX 687.65. The company has a current ratio of 3.84, a quick ratio of 0.55 and a debt-to-equity ratio of 5.18.
The firm also recently disclosed a dividend, which will be paid on Monday, May 11th. Investors of record on Thursday, April 16th will be issued a GBX 9.80 ($0.13) dividend. This represents a yield of 1.17%. The ex-dividend date is Thursday, April 16th. Barratt Developments’s dividend payout ratio is presently 0.40%.
Several equities analysts have recently commented on the stock. Morgan Stanley boosted their price target on shares of Barratt Developments from GBX 675 ($8.88) to GBX 790 ($10.39) and gave the company an “overweight” rating in a report on Friday, January 10th. Liberum Capital boosted their price target on shares of Barratt Developments from GBX 585 ($7.70) to GBX 650 ($8.55) and gave the company a “hold” rating in a report on Thursday, December 5th. Berenberg Bank boosted their price target on shares of Barratt Developments from GBX 800 ($10.52) to GBX 890 ($11.71) and gave the company a “buy” rating in a report on Thursday. JPMorgan Chase & Co. cut shares of Barratt Developments to a “neutral” rating and set a GBX 820 ($10.79) price target on the stock. in a report on Tuesday, February 4th. Finally, Peel Hunt restated a “hold” rating on shares of Barratt Developments in a report on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of GBX 789.58 ($10.39).
About Barratt Developments
Barratt Developments PLC engages in the housebuilding and commercial development businesses in Great Britain. It acquires and develops land; plans, designs, and constructs residential properties, including apartments, penthouses, and communities; and develops and sells homes. The company offers homes under the Barratt Homes, David Wilson Homes, and Barratt London brands.
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