The Berkeley Group (OTCMKTS:BKGFY) Upgraded by Zacks Investment Research to “Hold”

The Berkeley Group (OTCMKTS:BKGFY – Get Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Tuesday, Zacks.com reports.

According to Zacks, “The Berkeley Group Holdings plc engages in residential-led property development focusing on urban regeneration and mixed-use developments in the United Kingdom. It operates under the following brands: Berkeley, St. James, St. George and St. Edward. The Berkeley Group Holdings plc is headquartered in Cobham, the United Kingdom. “

Several other equities research analysts have also recently commented on BKGFY. Morgan Stanley dropped their price objective on The Berkeley Group from GBX 4,750 ($60.54) to GBX 4,550 ($57.99) and set an “underweight” rating on the stock in a research report on Friday, January 21st. Deutsche Bank Aktiengesellschaft raised The Berkeley Group from a “hold” rating to a “buy” rating in a research report on Friday, January 14th. JPMorgan Chase & Co. dropped their price objective on The Berkeley Group from GBX 5,540 ($70.61) to GBX 5,300 ($67.55) in a research report on Friday, March 25th. Finally, Jefferies Financial Group raised The Berkeley Group from a “hold” rating to a “buy” rating in a research report on Friday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $3,288.00.

Shares of OTCMKTS BKGFY traded up $0.08 during trading on Tuesday, reaching $10.61. The company had a trading volume of 49,851 shares, compared to its average volume of 21,458. The company has a current ratio of 2.86, a quick ratio of 0.75 and a debt-to-equity ratio of 0.14. The Berkeley Group has a 12-month low of $9.48 and a 12-month high of $16.28. The business’s 50-day moving average is $10.47 and its 200 day moving average is $11.52.

About The Berkeley Group (Get Rating)

The Berkeley Group Holdings plc, together with its subsidiaries, engages in the residential-led and mixed-use property development activities in the United Kingdom. It operates under the Berkeley, St Edward, St George, St James, St Joseph, and St William brand names. The company was founded in 1976 and is headquartered in Cobham, the United Kingdom.

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