Insider Selling: Barratt Developments Plc (BDEV) Insider Sells £175,572.11 in Stock
Barratt Developments Plc (LON:BDEV) insider David Thomas sold 26,887 shares of Barratt Developments Plc stock in a transaction on Monday, October 9th. The stock was sold at an average price of GBX 653 ($8.59), for a total value of £175,572.11 ($230,833.70).
David Thomas also recently made the following trade(s):
- On Friday, September 22nd, David Thomas sold 400,000 shares of Barratt Developments Plc stock. The shares were sold at an average price of GBX 591 ($7.77), for a total value of £2,364,000 ($3,108,072.57).
Barratt Developments Plc (LON BDEV) opened at 669.50 on Thursday. Barratt Developments Plc has a one year low of GBX 430.40 and a one year high of GBX 672.50. The stock’s market cap is GBX 6.74 billion. The stock’s 50 day moving average price is GBX 614.86 and its 200 day moving average price is GBX 594.64.
The firm also recently announced a dividend, which will be paid on Monday, November 20th. Investors of record on Thursday, October 26th will be given a dividend of GBX 34.40 ($0.45) per share. The ex-dividend date of this dividend is Thursday, October 26th. This represents a dividend yield of 5.74%. This is a boost from Barratt Developments Plc’s previous dividend of $7.30.
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A number of equities research analysts recently issued reports on BDEV shares. Deutsche Bank AG restated a “buy” rating and issued a GBX 717 ($9.43) price objective on shares of Barratt Developments Plc in a research note on Tuesday, August 29th. Credit Suisse Group upgraded Barratt Developments Plc to an “outperform” rating and boosted their price objective for the company from GBX 578 ($7.60) to GBX 702 ($9.23) in a research note on Friday, October 6th. Bank of America Corporation boosted their price objective on Barratt Developments Plc from GBX 460 ($6.05) to GBX 500 ($6.57) and gave the company an “underperform” rating in a research note on Tuesday, September 12th. J P Morgan Chase & Co boosted 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. Finally, Liberum Capital restated a “sell” rating and issued a GBX 532 ($6.99) price objective on shares of Barratt Developments Plc in a research note on Thursday, June 22nd. Three analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target 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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