Barratt Developments plc (BDEV) to Issue Dividend of GBX 11.80 on November 1st

Barratt Developments plc (LON:BDEV) announced a dividend on Wednesday, September 4th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, September 26th will be paid a dividend of GBX 11.80 ($0.16) per share by the real estate development company on Friday, November 1st. This represents a dividend yield of 2.27%. The ex-dividend date of this dividend is Thursday, September 26th. This is a positive change from Barratt Developments’s previous dividend of $4.40. The official announcement can be viewed at this link.

Barratt Developments Stock Down 3.4 %

Shares of LON BDEV opened at GBX 488.30 ($6.42) on Friday. The stock has a market cap of £7.08 billion, a PE ratio of 2,198.26, a price-to-earnings-growth ratio of 9.09 and a beta of 1.63. Barratt Developments has a 52-week low of GBX 384.15 ($5.05) and a 52-week high of GBX 582.60 ($7.66). The business has a 50-day moving average price of GBX 513.52 and a 200 day moving average price of GBX 491.18. The company has a quick ratio of 0.93, a current ratio of 4.92 and a debt-to-equity ratio of 4.52.

Analyst Upgrades and Downgrades

BDEV has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 560 ($7.36) price target on shares of Barratt Developments in a research note on Wednesday, July 17th. Citigroup restated a “buy” rating and issued a GBX 615 ($8.09) price target on shares of Barratt Developments in a research note on Thursday. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a GBX 575 ($7.56) target price on shares of Barratt Developments in a report on Thursday. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 540.40 ($7.11).

Insider Buying and Selling

In other Barratt Developments news, insider Steven J. Boyes sold 118 shares of the firm’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of GBX 483 ($6.35), for a total transaction of £569.94 ($749.43). 1.51% of the stock is currently owned by company insiders.

Barratt Developments Company Profile

Barratt Developments plc engages in the housebuilding business in the United Kingdom. The company acquires and develops land; plans, designs, and constructs homes, apartments, penthouses, and communities, as well as undertakes mixed-use regeneration schemes; and develops retail, leisure, office, industrial, and mixed-use properties.