Jock Fyfe Lennox Acquires 10,000 Shares of Barratt Developments Plc (BDEV) Stock
Barratt Developments Plc (LON:BDEV) insider Jock Fyfe Lennox bought 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 24th. The shares were purchased at an average cost of GBX 472 ($5.86) per share, for a total transaction of £47,200 ($58,553.53).
Shares of Barratt Developments Plc (LON:BDEV) opened at 465.50 on Tuesday. Barratt Developments Plc has a 52-week low of GBX 326.00 and a 52-week high of GBX 638.50. The stock has a 50 day moving average of GBX 472.59 and a 200 day moving average of GBX 479.95. The stock’s market capitalization is GBX 4.67 billion.
The firm also recently declared a dividend, which was paid on Monday, November 21st. Investors of record on Thursday, October 27th were given a GBX 24.70 ($0.31) dividend. This represents a yield of 5.02%. The ex-dividend date was Thursday, October 27th. This is a boost from Barratt Developments Plc’s previous dividend of $6.00.
A number of equities analysts have recently commented on the stock. Liberum Capital reissued a “hold” rating and issued a GBX 485 ($6.02) price target on shares of Barratt Developments Plc in a report on Monday, October 3rd. Peel Hunt reissued a “hold” rating and issued a GBX 590 ($7.32) price target on shares of Barratt Developments Plc in a report on Wednesday, November 16th. Credit Suisse Group AG increased their price target on shares of Barratt Developments Plc from GBX 464 ($5.76) to GBX 547 ($6.79) and gave the stock a “neutral” rating in a report on Friday, September 23rd. Deutsche Bank AG reissued a “buy” rating and issued a GBX 575 ($7.13) price target on shares of Barratt Developments Plc in a report on Monday, October 3rd. Finally, JPMorgan Chase & Co. decreased their price target on shares of Barratt Developments Plc from GBX 665 ($8.25) to GBX 470 ($5.83) and set a “neutral” rating on the stock in a report on Monday, August 15th. Ten investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 545.32 ($6.76).
About Barratt Developments Plc
Barratt Developments PLC is a United Kingdom-based holding company. The Company’s business is acquiring land, obtaining planning consents and building the homes. The Company’s three main brands include Barratt Homes, David Wilson Homes and Barratt London. Barratt London is the residential developer in the capital.
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