Barratt Developments plc (LON:BDEV – Get Free Report) declared a dividend on Wednesday, September 4th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, September 26th will be given a dividend of GBX 11.80 ($0.16) per share by the real estate development company on Friday, November 1st. This represents a yield of 2.27%. The ex-dividend date is Thursday, September 26th. This is a boost from Barratt Developments’s previous dividend of $4.40. The official announcement can be seen at this link.
Barratt Developments Trading Down 3.0 %
BDEV opened at GBX 504.60 ($6.64) on Wednesday. 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 stock’s fifty day moving average is GBX 512.37 and its two-hundred day moving average is GBX 491.05. The company has a market capitalization of £7.32 billion, a P/E ratio of 2,212.17, a PEG ratio of 9.09 and a beta of 1.63. The company has a quick ratio of 0.93, a current ratio of 4.92 and a debt-to-equity ratio of 4.52.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on the company. Royal Bank of Canada lifted their price target on Barratt Developments from GBX 550 ($7.23) to GBX 575 ($7.56) and gave the company a “sector perform” rating in a report on Friday, August 23rd. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 560 ($7.36) price target on shares of Barratt Developments in a research report on Wednesday, July 17th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 540.40 ($7.11).
Insider Activity at Barratt Developments
In related news, insider Steven J. Boyes sold 118 shares of Barratt Developments stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of GBX 483 ($6.35), for a total value of £569.94 ($749.43). 1.51% of the stock is 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.
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