Barratt Developments Plc (BDEV) Sets New 1-Year High at $642.50
Barratt Developments Plc (LON:BDEV) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 642.50 ($8.52) and last traded at GBX 640.50 ($8.50), with a volume of 6,334,254 shares trading hands. The stock had previously closed at GBX 614.50 ($8.15).
BDEV has been the topic of a number of research analyst reports. Shore Capital reiterated a “sell” rating on shares of Barratt Developments Plc in a research note on Wednesday, July 12th. Jefferies Group LLC upped their target price on Barratt Developments Plc from GBX 706 ($9.36) to GBX 735 ($9.75) and gave the stock a “buy” rating in a research report on Monday, June 26th. Deutsche Bank AG restated a “buy” rating and issued a GBX 717 ($9.51) target price on shares of Barratt Developments Plc in a research report on Monday, September 4th. Liberum Capital reaffirmed a “sell” rating and set a GBX 537 ($7.12) price target on shares of Barratt Developments Plc in a research note on Friday, August 4th. Finally, Peel Hunt reaffirmed a “hold” rating and set a GBX 635 ($8.42) price target on shares of Barratt Developments Plc in a research note on Wednesday, September 6th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of GBX 638 ($8.46).
The stock’s market capitalization is GBX 6.46 billion. The company has a 50-day moving average of GBX 607.31 and a 200 day moving average of GBX 590.31.
The business also recently declared a dividend, which will be paid on Monday, November 20th. Stockholders of record on Thursday, October 26th will be paid a GBX 34.40 ($0.46) dividend. The ex-dividend date of this dividend is Thursday, October 26th. This represents a dividend yield of 5.74%. This is an increase from Barratt Developments Plc’s previous dividend of $7.30.
In related news, insider David Thomas sold 400,000 shares of the company’s stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of GBX 591 ($7.84), for a total value of £2,364,000 ($3,135,694.39).
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About Barratt Developments Plc
Barratt Developments PLC is a holding company. The Company is principally engaged in acquiring and developing land, planning, designing and constructing residential property developments and selling the homes, which it builds throughout Britain. The Company operates in two segments: Housebuilding and Commercial developments.
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