The Berkeley Group Holdings plc (OTCMKTS:BKGFY – Get Rating) was the recipient of a significant decline in short interest in the month of April. As of April 15th, there was short interest totalling 14,900 shares, a decline of 37.4% from the March 31st total of 23,800 shares. Based on an average daily trading volume, of 21,300 shares, the short-interest ratio is presently 0.7 days.
A number of brokerages recently commented on BKGFY. Morgan Stanley dropped their price target on The Berkeley Group from GBX 4,750 ($60.54) to GBX 4,550 ($57.99) and set an “underweight” rating for the company in a research note on Friday, January 21st. Jefferies Financial Group raised shares of The Berkeley Group from a “hold” rating to a “buy” rating in a research note on Friday, April 22nd. JPMorgan Chase & Co. reduced their price target on shares of The Berkeley Group from GBX 5,540 ($70.61) to GBX 5,300 ($67.55) in a research report on Friday, March 25th. Zacks Investment Research upgraded shares of The Berkeley Group from a “sell” rating to a “hold” rating in a report on Tuesday, April 26th. Finally, Deutsche Bank Aktiengesellschaft upgraded The Berkeley Group from a “hold” rating to a “buy” rating in a report on Friday, January 14th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, The Berkeley Group presently has a consensus rating of “Buy” and an average target price of $3,288.00.
Shares of OTCMKTS BKGFY opened at $10.31 on Friday. The Berkeley Group has a 1 year low of $9.48 and a 1 year high of $16.28. The firm has a 50-day moving average of $10.41 and a 200 day moving average of $11.48. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.86 and a quick ratio of 0.75.
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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