Barratt Developments (BDEV) Issues Earnings Results

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

BDEV stock opened at GBX 561.96 ($7.34) on Friday. Barratt Developments has a twelve month low of GBX 6.26 ($0.08) and a twelve month high of GBX 705.50 ($9.22).

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

In other Barratt Developments news, insider Jessica White bought 10,000 shares of the business’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).

A number of research analysts recently issued reports on the stock. Citigroup reiterated a “buy” rating on shares of Barratt Developments in a research note on Friday. Canaccord Genuity reiterated a “buy” rating and issued a GBX 570 ($7.45) price target on shares of Barratt Developments in a research note on Wednesday. Liberum Capital reiterated a “buy” rating on shares of Barratt Developments in a research note on Wednesday. Shore Capital reiterated a “buy” rating on shares of Barratt Developments in a research note on Wednesday. Finally, Peel Hunt reiterated an “add” rating and issued a GBX 575 ($7.51) price target (up previously from GBX 510 ($6.66)) on shares of Barratt Developments in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of GBX 640.83 ($8.37).

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About Barratt Developments

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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