Barratt Developments (LON:BDEV) Announces Earnings Results

Barratt Developments (LON:BDEV) posted its quarterly earnings data on Wednesday, February 6th. The real estate development company reported GBX 32.70 ($0.43) earnings per share (EPS) for the quarter, Bloomberg Earnings reports.

LON:BDEV traded up GBX 1.40 ($0.02) during mid-day trading on Friday, hitting GBX 600.40 ($7.85). The company had a trading volume of 3,583,583 shares, compared to its average volume of 4,890,000. Barratt Developments has a 1 year low of GBX 6.26 ($0.08) and a 1 year high of GBX 705.50 ($9.22).

The business also recently disclosed a dividend, which will be paid on Tuesday, May 7th. Shareholders of record on Thursday, April 11th will be given a GBX 9.60 ($0.13) dividend. This represents a yield of 1.71%. The ex-dividend date is Thursday, April 11th.

BDEV has been the subject of a number of research analyst reports. Shore Capital reissued a “buy” rating on shares of Barratt Developments in a research report on Wednesday, February 6th. Citigroup reaffirmed a “buy” rating on shares of Barratt Developments in a research note on Friday, February 8th. Redburn Partners reaffirmed a “buy” rating on shares of Barratt Developments in a research note on Thursday, January 24th. Bank of America raised Barratt Developments to a “neutral” rating and upped their price objective for the company from GBX 470 ($6.14) to GBX 535 ($6.99) in a research note on Friday, January 11th. Finally, Peel Hunt reissued an “add” rating on shares of Barratt Developments in a research note on Friday, January 4th. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of GBX 642.08 ($8.39).

In other Barratt Developments news, insider Jessica White bought 10,000 shares of the company’s stock in a transaction dated Monday, December 17th. The shares were acquired at an average cost of GBX 437 ($5.71) per share, with a total value of £43,700 ($57,101.79).

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Barratt Developments Company Profile

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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