Barratt Developments (LON:BDEV) Stock Passes Above 200-Day Moving Average of $491.82

Barratt Developments plc (LON:BDEV)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 491.82 ($6.43) and traded as high as GBX 509.20 ($6.66). Barratt Developments shares last traded at GBX 509 ($6.66), with a volume of 5,369,043 shares traded.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on BDEV. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 560 ($7.32) target price on shares of Barratt Developments in a research report on Wednesday, July 17th. Citigroup reaffirmed a “buy” rating and issued a GBX 615 ($8.04) target price on shares of Barratt Developments in a research report on Thursday, September 5th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a GBX 575 ($7.52) target price on shares of Barratt Developments in a research report on Thursday, September 5th.

Barratt Developments Stock Performance

The company has a current ratio of 4.55, a quick ratio of 0.93 and a debt-to-equity ratio of 4.46. The company’s 50 day moving average is GBX 515.43 and its 200-day moving average is GBX 491.95. The company has a market capitalization of £7.35 billion, a P/E ratio of 4,251.67, a price-to-earnings-growth ratio of 8.74 and a beta of 1.63.

Barratt Developments Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, September 26th will be paid a GBX 11.80 ($0.15) dividend. This represents a dividend yield of 2.27%. This is a positive change from Barratt Developments’s previous dividend of $4.40. The ex-dividend date of this dividend is Thursday, September 26th. Barratt Developments’s dividend payout ratio (DPR) is presently 13,333.33%.

Insider Buying and Selling

In other Barratt Developments news, insider Steven J. Boyes sold 118 shares of the firm’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of GBX 483 ($6.32), for a total transaction of £569.94 ($745.31). 1.51% of the stock is owned by company insiders.

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.