Barratt Developments Plc (BDEV) Insider Steven J. Boyes Sells 10,000 Shares of Stock
Barratt Developments Plc (LON:BDEV) insider Steven J. Boyes sold 10,000 shares of the firm’s stock in a transaction dated Friday, October 6th. The shares were sold at an average price of GBX 651 ($8.56), for a total value of £65,100 ($85,590.32).
Shares of Barratt Developments Plc (LON BDEV) opened at 655.00 on Tuesday. Barratt Developments Plc has a one year low of GBX 430.40 and a one year high of GBX 660.00. The company has a 50 day moving average price of GBX 611.75 and a 200 day moving average price of GBX 593.23. The company’s market cap is GBX 6.59 billion.
The company also recently declared a dividend, which will be paid on Monday, November 20th. Investors of record on Thursday, October 26th will be paid a dividend of GBX 34.40 ($0.45) per share. This represents a yield of 5.74%. This is a positive change from Barratt Developments Plc’s previous dividend of $7.30. The ex-dividend date is Thursday, October 26th.
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A number of brokerages have weighed in on BDEV. Deutsche Bank AG restated a “buy” rating and set a GBX 717 ($9.43) price objective on shares of Barratt Developments Plc in a research note on Monday, September 4th. J P Morgan Chase & Co raised their price objective on Barratt Developments Plc from GBX 540 ($7.10) to GBX 620 ($8.15) and gave the company a “neutral” rating in a research note on Thursday, July 13th. Liberum Capital restated a “sell” rating and set a GBX 537 ($7.06) price objective on shares of Barratt Developments Plc in a research note on Wednesday, September 6th. Peel Hunt upgraded Barratt Developments Plc to an “add” rating and set a GBX 670 ($8.81) price objective for the company in a research note on Wednesday, September 27th. Finally, Numis Securities Ltd restated a “hold” rating and set a GBX 638 ($8.39) price objective on shares of Barratt Developments Plc in a research note on Thursday, September 7th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of GBX 649.07 ($8.53).
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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