Berkeley Group (OTCMKTS:BKGFY) Shares Gap Down – Should You Sell?

Berkeley Group Holdings PLC Unsponsored ADR (OTCMKTS:BKGFY) gapped down prior to trading on Friday . The stock had previously closed at $9.95, but opened at $9.38. Berkeley Group shares last traded at $9.40, with a volume of 11,158 shares traded.

Analysts Set New Price Targets

A number of research firms recently issued reports on BKGFY. Zacks Research upgraded Berkeley Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 9th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Berkeley Group in a research report on Thursday. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Berkeley Group Stock Down 4.0%

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 company has a 50-day moving average price of $9.08 and a 200 day moving average price of $10.06.

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.