Berkeley Group (OTCMKTS:BKGFY) Downgraded by Zacks Research to “Hold”

Zacks Research downgraded shares of Berkeley Group (OTCMKTS:BKGFY) from a strong-buy rating to a hold rating in a research note published on Monday morning,Zacks.com reports.

Several other research firms also recently issued reports on BKGFY. Citigroup restated a “neutral” rating on shares of Berkeley Group in a report on Tuesday, December 16th. Royal Bank Of Canada upgraded shares of Berkeley Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 1st. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Berkeley Group Stock Performance

OTCMKTS:BKGFY opened at $8.49 on Monday. The firm’s 50-day moving average is $10.68 and its 200-day moving average is $10.55. Berkeley Group has a 52-week low of $8.09 and a 52-week high of $12.54. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.65 and a current ratio of 3.54.

Berkeley Group Company Profile

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.