Barratt Developments plc (LON:BDEV - Get Free Report)'s stock price reached a new 52-week high on Tuesday . The stock traded as high as GBX 595.50 ($7.97) and last traded at GBX 496.30 ($6.65), with a volume of 2249688 shares traded. The stock had previously closed at GBX 500 ($6.70).
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on BDEV shares. JPMorgan Chase & Co. restated an "overweight" rating and set a GBX 560 ($7.50) price target on shares of Barratt Developments in a research note on Wednesday, July 17th. Berenberg Bank restated a "hold" rating and set a GBX 540 ($7.23) price target on shares of Barratt Developments in a research note on Friday, September 13th. Royal Bank of Canada restated a "sector perform" rating and set a GBX 575 ($7.70) price target on shares of Barratt Developments in a research note on Thursday, September 5th. Finally, Citigroup restated a "buy" rating and set a GBX 615 ($8.24) price target on shares of Barratt Developments in a research note on Thursday, September 5th.
View Our Latest Stock Report on Barratt Developments
Barratt Developments Stock Performance
The company has a debt-to-equity ratio of 4.46, a current ratio of 4.55 and a quick ratio of 0.93. The firm has a market cap of £7.13 billion, a price-to-earnings ratio of 4,114.17, a P/E/G ratio of 10.02 and a beta of 1.63. The firm has a fifty day simple moving average of GBX 516.62 and a two-hundred day simple moving average of GBX 493.64.
Barratt Developments Increases Dividend
The company also recently announced a dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, September 26th will be issued a dividend of GBX 11.80 ($0.16) per share. This is an increase from Barratt Developments's previous dividend of $4.40. The ex-dividend date is Thursday, September 26th. This represents a dividend yield of 2.27%. Barratt Developments's payout ratio is 13,333.33%.
Insider Buying and Selling
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 ($6.47), for a total transaction of £569.94 ($763.18). Corporate insiders own 1.52% of the company's stock.
Barratt Developments Company Profile
(
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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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