Barratt Developments Plc (BDEV) Insider John Allan Acquires 8,500 Shares

Barratt Developments Plc (LON:BDEV) insider John Allan purchased 8,500 shares of the business’s stock in a transaction dated Wednesday, February 21st. The shares were bought at an average price of GBX 568 ($7.85) per share, with a total value of £48,280 ($66,703.51).

Barratt Developments Plc (LON BDEV) opened at GBX 551.80 ($7.62) on Friday. Barratt Developments Plc has a twelve month low of GBX 6.26 ($0.09) and a twelve month high of GBX 705.50 ($9.75). The firm has a market capitalization of $5,590.00 and a price-to-earnings ratio of 890.00.

Several equities research analysts have recently commented on the company. Deutsche Bank upped their price target on Barratt Developments from GBX 785 ($10.85) to GBX 789 ($10.90) and gave the stock a “buy” rating in a research note on Thursday. Canaccord Genuity restated a “buy” rating and set a GBX 710 ($9.81) price target on shares of Barratt Developments in a research note on Wednesday. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Barratt Developments in a report on Wednesday. Liberum Capital reaffirmed a “sell” rating and set a GBX 575 ($7.94) price objective on shares of Barratt Developments in a report on Wednesday. Finally, Shore Capital reaffirmed a “sell” rating on shares of Barratt Developments in a report on Wednesday. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company’s stock. Barratt Developments currently has an average rating of “Hold” and an average price target of GBX 667.50 ($9.22).

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About Barratt Developments

Barratt Developments PLC is a holding company. The Company is principally engaged in acquiring and developing land, planning, designing and constructing residential property developments and selling the homes, which it builds throughout Britain. The Company operates in two segments: Housebuilding and Commercial developments.

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