Barratt Developments (OTCMKTS:BTDPY) Sets New 12-Month Low – Here’s Why

Barratt Developments plc (OTCMKTS:BTDPY)’s stock price reached a new 52-week low on Tuesday . The company traded as low as $10.57 and last traded at $10.57, with a volume of 10531 shares changing hands. The stock had previously closed at $10.99.

Wall Street Analysts Forecast Growth

Separately, Citigroup upgraded shares of Barratt Developments to a “strong-buy” rating in a research note on Thursday, September 5th.

Barratt Developments Price Performance

The stock’s fifty day moving average is $12.41 and its two-hundred day moving average is $12.69.

Barratt Developments Increases Dividend

The company also recently disclosed a dividend, which will be paid on Monday, November 18th. Stockholders of record on Friday, September 27th will be issued a $0.2582 dividend. This is a positive change from Barratt Developments’s previous dividend of $0.10. The ex-dividend date is Friday, September 27th.

Barratt Developments Company Profile

Barratt Redrow 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.