John Allan Acquires 8,500 Shares of Barratt Developments Plc (LON:BDEV) Stock

Barratt Developments Plc (LON:BDEV) insider John Allan bought 8,500 shares of Barratt Developments stock in a transaction on Wednesday, February 21st. The shares were purchased at an average cost of GBX 568 ($7.85) per share, with a total value of £48,280 ($66,703.51).

John Allan also recently made the following trade(s):

  • On Monday, March 5th, John Allan acquired 9,000 shares of Barratt Developments stock. The stock was acquired at an average cost of GBX 538 ($7.43) per share, for a total transaction of £48,420 ($66,896.93).

Shares of Barratt Developments Plc (LON BDEV) traded up GBX 6.20 ($0.09) during trading on Friday, reaching GBX 548.60 ($7.58). The company had a trading volume of 5,441,066 shares, compared to its average volume of 4,800,000. Barratt Developments Plc has a 52 week low of GBX 6.26 ($0.09) and a 52 week high of GBX 705.50 ($9.75). The stock has a market capitalization of $5,550.00 and a price-to-earnings ratio of 884.84.

The business also recently disclosed a dividend, which will be paid on Friday, May 18th. Stockholders of record on Thursday, April 19th will be paid a GBX 8.60 ($0.12) dividend. This represents a dividend yield of 1.57%. The ex-dividend date is Thursday, April 19th.

Several brokerages have weighed in on BDEV. Deutsche Bank reiterated a “buy” rating and issued a GBX 768 ($10.61) price target on shares of Barratt Developments in a report on Thursday, November 16th. Liberum Capital restated a “sell” rating and issued a GBX 537 ($7.42) price target on shares of Barratt Developments in a research report on Wednesday, November 15th. Peel Hunt downgraded shares of Barratt Developments to a “hold” rating and set a GBX 670 ($9.26) price objective for the company. in a report on Thursday, January 11th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Barratt Developments in a research report on Thursday, November 16th. Finally, Barclays reduced their price objective on shares of Barratt Developments from GBX 710 ($9.81) to GBX 658 ($9.09) and set an “overweight” rating for the company in a research report on Monday, February 5th. Three analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of GBX 667.50 ($9.22).

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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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