Barratt Developments plc (LON:BDEV) Insider Sells £96,532.31 in Stock

Barratt Developments plc (LON:BDEV) insider Steven J. Boyes sold 19,423 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of GBX 497 ($6.66), for a total transaction of £96,532.31 ($129,261.26).

Barratt Developments Price Performance

Barratt Developments stock opened at GBX 482.40 ($6.46) on Monday. Barratt Developments plc has a 52 week low of GBX 384.15 ($5.14) and a 52 week high of GBX 582.60 ($7.80). The company’s 50 day moving average price is GBX 515.91 and its two-hundred day moving average price is GBX 493.79. The company has a quick ratio of 0.93, a current ratio of 4.55 and a debt-to-equity ratio of 4.46. The stock has a market cap of £6.95 billion, a P/E ratio of 4,020.00, a P/E/G ratio of 10.02 and a beta of 1.63.

Barratt Developments Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, September 26th will be given a dividend of GBX 11.80 ($0.16) per share. The ex-dividend date is Thursday, September 26th. This represents a dividend yield of 2.27%. This is a boost from Barratt Developments’s previous dividend of $4.40. Barratt Developments’s dividend payout ratio (DPR) is currently 13,333.33%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on BDEV. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 560 ($7.50) price target on shares of Barratt Developments in a research report on Wednesday, July 17th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a GBX 575 ($7.70) price target on shares of Barratt Developments in a research report on Thursday, September 5th. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 540 ($7.23) price target on shares of Barratt Developments in a research report on Friday, September 13th. Finally, Citigroup reaffirmed a “buy” rating and issued a GBX 615 ($8.24) price target on shares of Barratt Developments in a research report on Thursday, September 5th.

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.