Barratt Developments (LON:BDEV) to Repurchase 0 Shares

Barratt Developments (LON:BDEV) declared that its Board of Directors has initiated a share buyback program on Friday, March 7th, RTT News reports. The company plans to buyback 0 outstanding shares. This buyback authorization allows the real estate development company to buy shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

Barratt Developments Price Performance

The stock’s 50-day simple moving average is GBX 481.04 and its 200 day simple moving average is GBX 497.71. Barratt Developments has a 52-week low of GBX 384.15 ($4.96) and a 52-week high of GBX 582.60 ($7.53). The firm has a market cap of £6.94 billion, a price-to-earnings ratio of 4,017.50, a PEG ratio of 9.39 and a beta of 1.63. The company has a debt-to-equity ratio of 4.46, a quick ratio of 0.93 and a current ratio of 4.55.

Barratt Developments Company Profile

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.