BARRATT DEVELOP/ADR (OTCMKTS:BTDPY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Wednesday, Zacks.com reports. The brokerage currently has a $20.00 price objective on the stock. Zacks Investment Research‘s price objective would suggest a potential upside of 13.70% from the stock’s previous close.
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. “
Shares of OTCMKTS BTDPY traded up $0.14 during midday trading on Wednesday, hitting $17.59. 3,195 shares of the company’s stock were exchanged, compared to its average volume of 13,116. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.70 and a quick ratio of 0.70. The stock’s 50 day moving average price is $17.14 and its 200-day moving average price is $15.74. The firm has a market cap of $8.92 billion, a P/E ratio of 9.41, a PEG ratio of 1.63 and a beta of 0.37. BARRATT DEVELOP/ADR has a twelve month low of $10.51 and a twelve month high of $18.28.
BARRATT DEVELOP/ADR Company Profile
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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