Berkeley Group (OTCMKTS:BKGFY) Downgraded by Zacks Research to Strong Sell

Zacks Research downgraded shares of Berkeley Group (OTCMKTS:BKGFY) from a hold rating to a strong sell rating in a report released on Monday morning,Zacks.com reports.

Separately, Royal Bank Of Canada raised Berkeley Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 1st. One analyst has rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Reduce”.

Berkeley Group Stock Down 2.5%

Shares of OTCMKTS BKGFY opened at $8.80 on Monday. Berkeley Group has a twelve month low of $8.09 and a twelve month high of $12.54. The company has a quick ratio of 0.65, a current ratio of 3.54 and a debt-to-equity ratio of 0.19. The stock has a fifty day simple moving average of $9.41 and a 200-day simple moving average of $10.33.

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.