Berkeley Group (OTCMKTS:BKGFY) Shares Gap Down – Here’s Why
by Amy Steele · The Cerbat GemBerkeley Group Holdings PLC Unsponsored ADR (OTCMKTS:BKGFY – Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $11.07, but opened at $10.59. Berkeley Group shares last traded at $10.58, with a volume of 826 shares changing hands.
Analyst Upgrades and Downgrades
A number of brokerages have commented on BKGFY. The Goldman Sachs Group began coverage on Berkeley Group in a research report on Monday, November 24th. They set a “sell” rating for the company. Citigroup reaffirmed a “neutral” rating on shares of Berkeley Group in a report on Tuesday, December 16th. Jefferies Financial Group upgraded Berkeley Group from a “hold” rating to a “buy” rating in a research report on Wednesday, December 3rd. Finally, Royal Bank Of Canada reissued an “underperform” rating on shares of Berkeley Group in a research report on Thursday, December 11th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Berkeley Group has an average rating of “Hold”.
Read Our Latest Stock Analysis on BKGFY
Berkeley Group Trading Down 3.1%
The business has a 50 day moving average price of $10.34 and a 200 day moving average price of $10.20. The company has a quick ratio of 0.65, a current ratio of 3.54 and a debt-to-equity ratio of 0.19.
About Berkeley Group
Berkeley Group Holdings plc is a leading UK residential property developer specializing in urban regeneration and new-build communities. Founded in 1976 by Tony Pidgley, the company has built a reputation for delivering high-quality homes in London and the surrounding regions. Its core operations encompass land acquisition, planning, design, construction and sales, with an emphasis on creating mixed-use neighborhoods that integrate housing, public spaces and community amenities.
Over the decades, Berkeley Group has completed numerous landmark projects, including large-scale schemes at Kidbrooke Village, Royal Arsenal Riverside and Elephant Park in east London.