Barratt Developments (LON:BDEV) to Repurchase 0 Shares

Barratt Developments (LON:BDEV) declared that its board has approved a share buyback program on Friday, March 7th, RTT News reports. The company plans to buyback 0 shares. This buyback authorization allows the real estate development company to repurchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.

Barratt Developments Price Performance

The company has a market cap of £6.94 billion, a PE ratio of 4,017.50, a P/E/G ratio of 9.39 and a beta of 1.63. The company has a debt-to-equity ratio of 4.46, a quick ratio of 0.93 and a current ratio of 4.55. Barratt Developments has a fifty-two week low of GBX 384.15 ($4.96) and a fifty-two week high of GBX 582.60 ($7.53). The firm has a fifty day moving average of GBX 481.04 and a 200-day moving average of GBX 497.71.

About Barratt Developments

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.