Barratt Developments Plc (BDEV) Insider David Thomas Sells 89,287 Shares

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Barratt Developments Plc (LON:BDEV) insider David Thomas sold 89,287 shares of the business’s stock in a transaction dated Friday, October 19th. The shares were sold at an average price of GBX 497 ($6.49), for a total transaction of £443,756.39 ($579,846.32).

Shares of Barratt Developments stock opened at GBX 496.60 ($6.49) on Tuesday. Barratt Developments Plc has a 1-year low of GBX 6.26 ($0.08) and a 1-year high of GBX 705.50 ($9.22).

The company also recently declared a dividend, which will be paid on Tuesday, November 6th. Stockholders of record on Thursday, October 11th will be issued a dividend of GBX 35.20 ($0.46) per share. This represents a dividend yield of 6.46%. The ex-dividend date is Thursday, October 11th. This is an increase from Barratt Developments’s previous dividend of $8.60.

BDEV has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their price target on shares of Barratt Developments from GBX 650 ($8.49) to GBX 655 ($8.56) and gave the stock an “overweight” rating in a report on Thursday, July 12th. Shore Capital reaffirmed a “hold” rating on shares of Barratt Developments in a report on Wednesday, October 17th. Liberum Capital reaffirmed a “hold” rating on shares of Barratt Developments in a report on Wednesday, July 11th. Peel Hunt reaffirmed a “buy” rating on shares of Barratt Developments in a report on Wednesday, October 10th. Finally, Numis Securities raised shares of Barratt Developments to a “buy” rating and set a GBX 667 ($8.72) price target for the company in a report on Thursday, July 12th. Two research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of GBX 677.08 ($8.85).

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 residential properties, including apartments, penthouses, and communities; and develops and sells homes. The company offers homes under the Barratt Homes, David Wilson Homes, and Barratt London brands.

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