Barratt Developments Plc (BDEV) Sets New 52-Week High at $642.50
Barratt Developments Plc (LON:BDEV)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 642.50 ($8.52) and last traded at GBX 640.50 ($8.50), with a volume of 6,334,254 shares trading hands. The stock had previously closed at GBX 614.50 ($8.15).
BDEV has been the topic of several analyst reports. Peel Hunt upgraded Barratt Developments Plc to an “add” rating and set a GBX 670 ($8.89) target price on the stock in a research note on Wednesday, September 27th. Deutsche Bank AG restated a “buy” rating on shares of Barratt Developments Plc in a research note on Monday, July 17th. Jefferies Group LLC raised their target price on Barratt Developments Plc from GBX 706 ($9.36) to GBX 735 ($9.75) and gave the stock a “buy” rating in a research note on Monday, June 26th. Beaufort Securities reduced their price objective on Barratt Developments Plc from GBX 690 ($9.15) to GBX 650 ($8.62) and set a “buy” rating for the company in a research note on Thursday, July 13th. Finally, Canaccord Genuity reissued a “buy” rating and set a GBX 675 ($8.95) price target on shares of Barratt Developments Plc in a research report on Wednesday, July 12th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of GBX 638 ($8.46).
The company’s market capitalization is GBX 6.45 billion. The company’s 50 day moving average is GBX 606.43 and its 200-day moving average is GBX 584.58.
The company also recently announced a dividend, which will be paid on Monday, November 20th. Shareholders of record on Thursday, October 26th will be given a GBX 34.40 ($0.46) dividend. This is a boost from Barratt Developments Plc’s previous dividend of $7.30. The ex-dividend date of this dividend is Thursday, October 26th. This represents a yield of 5.74%.
In other news, insider David Thomas sold 400,000 shares of the company’s stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of GBX 591 ($7.84), for a total value of £2,364,000 ($3,135,694.39).
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Barratt Developments Plc Company Profile
Barratt Developments PLC is a holding company. The Company is principally engaged in acquiring and developing land, planning, designing and constructing residential property developments and selling the homes, which it builds throughout Britain. The Company operates in two segments: Housebuilding and Commercial developments.
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