Barratt Developments (LON:BDEV) to Repurchase 0 Shares

Barratt Developments (LON:BDEV) announced that its Board of Directors has authorized a stock buyback program on Friday, March 7th, RTT News reports. The company plans to repurchase 0 shares. This repurchase authorization authorizes the real estate development company to buy shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Barratt Developments Stock Performance

The stock has a market capitalization of £6.94 billion, a P/E ratio of 4,017.50, a P/E/G ratio of 9.39 and a beta of 1.63. Barratt Developments has a 1-year low of GBX 384.15 ($4.97) and a 1-year high of GBX 582.60 ($7.53). The company has a debt-to-equity ratio of 4.46, a current ratio of 4.55 and a quick ratio of 0.93. The company has a 50 day simple moving average of GBX 481.04 and a 200-day simple moving average of GBX 497.75.

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.