Berkeley Group (OTCMKTS:BKGFY) Sees Large Volume Increase – Still a Buy?

Berkeley Group Holdings PLC Unsponsored ADR (OTCMKTS:BKGFY) shares saw unusually-strong trading volume on Friday . Approximately 184,074 shares were traded during trading, an increase of 135% from the previous session’s volume of 78,474 shares.The stock last traded at $11.3925 and had previously closed at $11.49.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on BKGFY shares. Jefferies Financial Group upgraded shares of Berkeley Group from a “hold” rating to a “buy” rating in a research note on Wednesday, December 3rd. The Goldman Sachs Group began coverage on Berkeley Group in a research note on Monday, November 24th. They issued a “sell” rating for the company. Citigroup reiterated a “neutral” rating on shares of Berkeley Group in a report on Tuesday, December 16th. Finally, Royal Bank Of Canada reaffirmed an “underperform” rating on shares of Berkeley Group in a research note on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Berkeley Group Price Performance

The business’s 50 day simple moving average is $10.54 and its 200-day simple moving average is $10.30. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.65 and a current ratio of 3.54.

Berkeley Group Company Profile

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.