Berkeley Group (OTCMKTS:BKGFY) Shares Gap Down – Here’s What Happened

Berkeley Group Holdings PLC Unsponsored ADR (OTCMKTS:BKGFY)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $10.30, but opened at $9.96. Berkeley Group shares last traded at $9.96, with a volume of 5,871 shares.

Wall Street Analysts Forecast Growth

BKGFY has been the subject of several analyst reports. Royal Bank Of Canada reaffirmed an “underperform” rating on shares of Berkeley Group in a report on Thursday, December 11th. Zacks Research raised Berkeley Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 5th. Jefferies Financial Group upgraded Berkeley Group from a “hold” rating to a “buy” rating in a research report on Wednesday, December 3rd. Citigroup reaffirmed a “neutral” rating on shares of Berkeley Group in a research note on Tuesday, December 16th. Finally, The Goldman Sachs Group assumed coverage on shares of Berkeley Group in a research note on Monday, November 24th. They set a “sell” rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Berkeley Group presently has an average rating of “Hold”.

Berkeley Group Price Performance

The firm’s 50-day simple moving average is $11.31 and its 200 day simple moving average is $10.64. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.65 and a current ratio of 3.54.

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.