Royal Bank Of Canada Upgrades Berkeley Group (OTCMKTS:BKGFY) to Hold

Berkeley Group (OTCMKTS:BKGFY) was upgraded by investment analysts at Royal Bank Of Canada from a “strong sell” rating to a “hold” rating in a research note issued on Wednesday,Zacks.com reports.

Several other analysts have also issued reports on BKGFY. Zacks Research upgraded shares of Berkeley Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 5th. Citigroup restated a “neutral” rating on shares of Berkeley Group in a research report on Tuesday, December 16th. Finally, Jefferies Financial Group raised shares of Berkeley Group from a “hold” rating to a “buy” rating in a research note on Wednesday, December 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Berkeley Group Stock Performance

Shares of OTCMKTS BKGFY opened at $8.26 on Wednesday. The firm has a fifty day moving average of $10.86 and a 200 day moving average of $10.58. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.54 and a quick ratio of 0.65. Berkeley Group has a one year low of $8.09 and a one year high of $12.54.

About Berkeley Group

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.