Barratt Developments plc (LON:BDEV – Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 595.50 ($7.95) and last traded at GBX 496.30 ($6.62), with a volume of 2249688 shares trading hands. The stock had previously closed at GBX 500 ($6.67).
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on BDEV shares. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 560 ($7.47) target price on shares of Barratt Developments in a report on Wednesday, July 17th. Berenberg Bank reaffirmed a “hold” rating and set a GBX 540 ($7.21) target price on shares of Barratt Developments in a research report on Friday, September 13th. Citigroup restated a “buy” rating and set a GBX 615 ($8.21) price objective on shares of Barratt Developments in a research note on Thursday, September 5th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a GBX 575 ($7.67) price objective on shares of Barratt Developments in a report on Thursday, September 5th.
Check Out Our Latest Stock Analysis on BDEV
Barratt Developments Stock Performance
Barratt Developments Increases Dividend
The firm also recently announced a dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, September 26th will be given a dividend of GBX 11.80 ($0.16) per share. This represents a yield of 2.27%. This is a boost from Barratt Developments’s previous dividend of $4.40. The ex-dividend date of this dividend is Thursday, September 26th. Barratt Developments’s payout ratio is presently 13,333.33%.
Insider Transactions at Barratt Developments
In other 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 ($6.45), for a total value of £569.94 ($760.73). Insiders own 1.52% of the company’s stock.
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.
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