The Berkeley Group Holdings plc (OTCMKTS:BKGFY – Get Rating) was the recipient of a significant drop in short interest in the month of May. As of May 31st, there was short interest totalling 400 shares, a drop of 75.0% from the May 15th total of 1,600 shares. Based on an average daily trading volume, of 35,400 shares, the days-to-cover ratio is presently 0.0 days.
OTCMKTS:BKGFY opened at $9.97 on Friday. 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 $16.26. The stock has a 50-day moving average price of $10.39 and a 200 day moving average price of $11.16.
Several research firms have recently commented on BKGFY. Jefferies Financial Group raised The Berkeley Group from a “hold” rating to a “buy” rating in a research note on Friday, April 22nd. JPMorgan Chase & Co. decreased their price objective on The Berkeley Group from GBX 5,540 ($69.42) to GBX 5,300 ($66.42) in a research note on Friday, March 25th. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $4,925.00.
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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