Shares of Barratt Developments Plc (LON:BDEV) reached a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 526.20 ($7.27) and last traded at GBX 527.20 ($7.28), with a volume of 5930000 shares traded. The stock had previously closed at GBX 540 ($7.46).
A number of analysts have issued reports on BDEV shares. Liberum Capital reissued a “sell” rating and issued a GBX 537 ($7.42) target price on shares of Barratt Developments in a research report on Tuesday, November 21st. Peel Hunt raised Barratt Developments to an “add” rating and set a GBX 670 ($9.26) target price for the company in a research report on Wednesday, February 21st. Shore Capital reiterated a “sell” rating on shares of Barratt Developments in a research report on Wednesday, February 21st. Deutsche Bank reiterated a “buy” rating and issued a GBX 785 ($10.85) price target on shares of Barratt Developments in a research report on Monday, December 18th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a GBX 710 ($9.81) price target on shares of Barratt Developments in a research report on Wednesday, February 21st. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of GBX 667.50 ($9.22).
The stock has a market cap of $5,340.00 and a PE ratio of 850.32.
The firm also recently declared a dividend, which will be paid on Friday, May 18th. Investors of record on Thursday, April 19th will be issued a GBX 8.60 ($0.12) dividend. This represents a dividend yield of 1.57%. The ex-dividend date is Thursday, April 19th.
In other Barratt Developments news, insider John Allan purchased 8,500 shares of the stock in a transaction that occurred on Wednesday, February 21st. The stock was purchased at an average price of GBX 568 ($7.85) per share, with a total value of £48,280 ($66,703.51).
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Barratt Developments 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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