Barratt Developments Plc (BDEV) Insider Richard Akers Acquires 10,000 Shares

Barratt Developments Plc (LON:BDEV) insider Richard Akers bought 10,000 shares of the firm’s stock in a transaction on Thursday, July 19th. The stock was purchased at an average price of GBX 525 ($6.80) per share, for a total transaction of £52,500 ($67,961.17).

Shares of Barratt Developments stock traded down GBX 1.80 ($0.02) during trading hours on Friday, hitting GBX 541.20 ($7.01). The company had a trading volume of 2,604,752 shares, compared to its average volume of 4,890,000. Barratt Developments Plc has a twelve month low of GBX 6.26 ($0.08) and a twelve month high of GBX 705.50 ($9.13).

Several brokerages recently weighed in on BDEV. JPMorgan Chase & Co. upped their target price on shares of Barratt Developments from GBX 650 ($8.41) to GBX 655 ($8.48) and gave the stock an “overweight” rating in a research note on Thursday, July 12th. Liberum Capital reaffirmed a “hold” rating and set a GBX 525 ($6.80) target price on shares of Barratt Developments in a research note on Thursday, May 10th. Peel Hunt reaffirmed a “buy” rating on shares of Barratt Developments in a research note on Wednesday, July 11th. Shore Capital reaffirmed an “under review” rating on shares of Barratt Developments in a research note on Wednesday, July 11th. Finally, Canaccord Genuity upped their target price on shares of Barratt Developments from GBX 665 ($8.61) to GBX 670 ($8.67) and gave the stock a “buy” rating in a research note on Friday, July 13th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of GBX 664.85 ($8.61).

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, such as apartments, penthouses, and communities; and develops and sells homes. The company provides homes under the Barratt Homes, David Wilson Homes, and Barratt London brands.

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Insider Buying and Selling by Quarter for Barratt Developments (LON:BDEV)

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