Morgan Stanley Initiates Coverage on Barratt Devel (BTDPF)

Morgan Stanley assumed coverage on shares of Barratt Devel (OTCMKTS:BTDPF) in a research note published on Tuesday morning. The brokerage issued an overweight rating on the stock.

Separately, Liberum Capital lowered shares of Barratt Devel from a hold rating to a sell rating in a report on Tuesday, December 6th.

Barratt Devel (OTCMKTS:BTDPF) opened at 6.40 on Tuesday. The stock has a market cap of $6.43 billion and a price-to-earnings ratio of 9.18. The firm’s 50 day moving average price is $6.37 and its 200 day moving average price is $6.07. Barratt Devel has a one year low of $4.45 and a one year high of $8.64.

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