Barratt Developments (LON:BDEV) Share Price Crosses Above 200-Day Moving Average of $491.82

Barratt Developments plc (LON:BDEV) shares 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.

Analyst Ratings Changes

A number of brokerages have weighed in on BDEV. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 560 ($7.32) price objective on shares of Barratt Developments in a report on Wednesday, July 17th. Royal Bank of Canada restated a “sector perform” rating and issued a GBX 575 ($7.52) price objective on shares of Barratt Developments in a report on Thursday, September 5th. Finally, Citigroup reiterated a “buy” rating and issued a GBX 615 ($8.04) target price on shares of Barratt Developments in a research note on Thursday, September 5th.

Barratt Developments Trading Up 2.5 %

The firm’s 50 day moving average price is GBX 515.07 and its 200-day moving average price is GBX 491.82. The stock has a market cap of £7.33 billion, a P/E ratio of 4,241.67, a P/E/G ratio of 8.74 and a beta of 1.63. The company has a debt-to-equity ratio of 4.46, a current ratio of 4.55 and a quick ratio of 0.93.

Barratt Developments Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, November 1st. Stockholders of record on Thursday, September 26th will be paid a GBX 11.80 ($0.15) dividend. This represents a dividend yield of 2.27%. The ex-dividend date is Thursday, September 26th. This is an increase from Barratt Developments’s previous dividend of $4.40. Barratt Developments’s dividend payout ratio is currently 13,333.33%.

Insider Transactions at Barratt Developments

In related news, insider Steven J. Boyes sold 118 shares of the stock in a transaction that occurred on 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). Insiders own 1.51% of the company’s stock.

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.