The Berkeley Group Holdings plc (OTCMKTS:BKGFY) Receives Average Rating of “Buy” from Analysts

The Berkeley Group Holdings plc (OTCMKTS:BKGFY – Get Rating) has been given an average recommendation of “Buy” by the ten ratings firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $4,925.00.

A number of equities research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft raised The Berkeley Group from a “hold” rating to a “buy” rating in a research note on Friday, January 14th. Morgan Stanley decreased their price target on The Berkeley Group from GBX 4,750 ($59.34) to GBX 4,550 ($56.84) and set an “underweight” rating for the company in a research note on Friday, January 21st. Zacks Investment Research raised The Berkeley Group from a “sell” rating to a “hold” rating in a research note on Tuesday, April 26th. Jefferies Financial Group raised The Berkeley Group from a “hold” rating to a “buy” rating in a research report on Friday, April 22nd. Finally, JPMorgan Chase & Co. decreased their target price on The Berkeley Group from GBX 5,540 ($69.21) to GBX 5,300 ($66.21) in a research report on Friday, March 25th.

Shares of BKGFY stock opened at $10.58 on Wednesday. The Berkeley Group has a 52-week low of $9.48 and a 52-week high of $16.28. 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 stock has a 50 day moving average price of $10.39 and a 200 day moving average price of $11.45.

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.

Read More