BARRATT DEVELOP/ADR (OTCMKTS:BTDPY) Stock Rating Upgraded by Zacks Investment Research

BARRATT DEVELOP/ADR (OTCMKTS:BTDPY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday, Zacks.com reports. The firm presently has a $20.00 price objective on the stock. Zacks Investment Research‘s price target would indicate a potential upside of 11.30% from the company’s current price.

According to Zacks, “Barratt Developments plc engages in the business of developing residential and non residential properties primarily in the United Kingdom. The company develops houses in towns, cities and rural areas. It operates under brands for house building- Barratt Homes and David Wilson Homes. The company’s commercial property development business, Wilson Bowden Developments is focused on retail, leisure, office, industrial and mixed-use schemes. Barratt Developments plc is headquartered in London, the United Kingdom. “

BTDPY opened at $17.97 on Wednesday. The stock has a fifty day moving average of $17.17 and a 200-day moving average of $15.76. The firm has a market capitalization of $9.00 billion, a P/E ratio of 9.61, a PEG ratio of 1.63 and a beta of 0.37. BARRATT DEVELOP/ADR has a 12-month low of $10.51 and a 12-month high of $18.28. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.04.

About BARRATT DEVELOP/ADR

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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