Mike Scott Purchases 15,744 Shares of Barratt Developments plc (LON:BDEV) Stock
Barratt Developments plc (LON:BDEV – Get Rating) insider Mike Scott bought 15,744 shares of the firm’s stock in a transaction on Friday, September 23rd. The shares were bought at an average cost of GBX 413 ($4.99) per share, with a total value of £65,022.72 ($78,567.81).
Mike Scott also recently made the following trade(s):
- On Thursday, September 15th, Mike Scott bought 4,500 shares of Barratt Developments stock. The shares were bought at an average cost of GBX 415 ($5.01) per share, with a total value of £18,675 ($22,565.25).
Barratt Developments Stock Down 1.8 %
Shares of BDEV stock opened at GBX 404.40 ($4.89) on Friday. The stock has a market cap of £4.14 billion and a P/E ratio of 823.40. Barratt Developments plc has a one year low of GBX 393.05 ($4.75) and a one year high of GBX 765.14 ($9.25). The stock has a fifty day moving average price of GBX 456.55 and a 200 day moving average price of GBX 485.47. The company has a debt-to-equity ratio of 4.52, a current ratio of 4.04 and a quick ratio of 0.94.
Barratt Developments Increases Dividend
The company also recently announced a dividend, which will be paid on Friday, November 4th. Investors of record on Thursday, September 29th will be given a GBX 25.70 ($0.31) dividend. This is a boost from Barratt Developments’s previous dividend of $11.20. This represents a yield of 6.09%. The ex-dividend date is Thursday, September 29th. Barratt Developments’s dividend payout ratio (DPR) is 58.80%.
Wall Street Analysts Forecast Growth
BDEV has been the subject of several research reports. UBS Group reissued a “buy” rating and issued a GBX 427 ($5.16) price objective on shares of Barratt Developments in a research report on Friday, September 2nd. JPMorgan Chase & Co. reduced their price objective on Barratt Developments from GBX 610 ($7.37) to GBX 530 ($6.40) and set a “neutral” rating for the company in a research report on Wednesday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 835 ($10.09) price objective on shares of Barratt Developments in a research report on Thursday, September 8th. Finally, Berenberg Bank cut Barratt Developments to a “hold” rating and reduced their price objective for the company from GBX 790 ($9.55) to GBX 459 ($5.55) in a research report on Monday, September 12th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 640.14 ($7.73).
About Barratt Developments
Barratt Developments plc engages in the housebuilding and commercial development businesses in Great Britain. It acquires and develops land; plans, designs, and constructs homes, apartments, penthouses, and communities; and retail, leisure, office, industrial, and mixed-use properties. The company offers homes under the Barratt Homes, David Wilson Homes, and Barratt London brands.
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