Berkeley Group Holdings PLC Unsponsored ADR (OTCMKTS:BKGFY) Receives Average Rating of “Hold” from Brokerages

Shares of Berkeley Group Holdings PLC Unsponsored ADR (OTCMKTS:BKGFY) have earned an average recommendation of “Hold” from the seven research firms that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have assigned a buy recommendation to the company.

A number of equities research analysts have recently weighed in on the stock. Berenberg Bank downgraded shares of Berkeley Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 26th. Zacks Research raised Berkeley Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 9th. Kepler Capital Markets lowered Berkeley Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 2nd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Berkeley Group in a report on Thursday, June 25th.

Berkeley Group Trading Up 1.2%

OTCMKTS BKGFY opened at $9.91 on Wednesday. The firm has a 50-day moving average price of $9.41 and a two-hundred day moving average price of $9.64. Berkeley Group has a 12-month low of $8.09 and a 12-month high of $12.54. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.58 and a quick ratio of 0.70.

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.