Barratt Developments plc (LON:BDEV) Insider Steven J. Boyes Sells 19,423 Shares

Barratt Developments plc (LON:BDEV) insider Steven J. Boyes sold 19,423 shares of Barratt Developments 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 Stock Up 0.0 %

Shares of BDEV opened at GBX 482.40 ($6.46) on Friday. The firm has a market cap of £6.95 billion, a P/E ratio of 4,020.00, a price-to-earnings-growth ratio of 10.02 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 plc has a 52 week low of GBX 384.15 ($5.14) and a 52 week high of GBX 582.60 ($7.80). The firm’s 50-day simple moving average is GBX 515.91 and its 200 day simple moving average is GBX 493.68.

Barratt Developments Increases Dividend

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

Analyst Upgrades and Downgrades

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

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.