Barratt Developments Plc (BDEV) Insider Sells £28,523.40 in Stock
Barratt Developments Plc (LON:BDEV) insider Jessica White sold 4,110 shares of the business’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of GBX 694 ($9.22), for a total transaction of £28,523.40 ($37,899.81).
Barratt Developments Plc (BDEV) traded down 0.22% on Monday, hitting GBX 693.50. 3,028,268 shares of the company traded hands. The firm’s market capitalization is GBX 6.98 billion. Barratt Developments Plc has a 12 month low of GBX 430.40 and a 12 month high of GBX 698.00. The stock’s 50-day moving average is GBX 628.16 and its 200 day moving average is GBX 600.72.
The business also recently disclosed a dividend, which will be paid on Monday, November 20th. Stockholders of record on Thursday, October 26th will be given a dividend of GBX 34.40 ($0.46) per share. This represents a dividend yield of 5.74%. The ex-dividend date is Thursday, October 26th. This is an increase from Barratt Developments Plc’s previous dividend of $7.30.
Several research firms have issued reports on BDEV. Liberum Capital reissued a “sell” rating and issued a GBX 537 ($7.14) price objective on shares of Barratt Developments Plc in a research report on Thursday, August 10th. Deutsche Bank AG reissued a “buy” rating on shares of Barratt Developments Plc in a research report on Monday, August 14th. J P Morgan Chase & Co reissued a “neutral” rating and issued a GBX 620 ($8.24) price objective on shares of Barratt Developments Plc in a research report on Friday, September 29th. Barclays PLC boosted their price objective on shares of Barratt Developments Plc from GBX 629 ($8.36) to GBX 712 ($9.46) and gave the company an “overweight” rating in a research report on Thursday, July 13th. Finally, Beaufort Securities lowered their price objective on shares of Barratt Developments Plc from GBX 690 ($9.17) to GBX 650 ($8.64) and set a “buy” rating for the company in a research report on Thursday, July 13th. Three analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the stock. Barratt Developments Plc currently has a consensus rating of “Hold” and a consensus price target of GBX 649.07 ($8.62).
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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