Berkeley Group (OTCMKTS:BKGFY) Cut to “Hold” at Zacks Research

Zacks Research cut shares of Berkeley Group (OTCMKTS:BKGFY) from a strong-buy rating to a hold rating in a research note published on Monday,Zacks.com reports.

BKGFY has been the topic of a number of other reports. Citigroup reiterated a “neutral” rating on shares of Berkeley Group in a research note on Tuesday, December 16th. Royal Bank Of Canada upgraded shares of Berkeley Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 1st. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Berkeley Group Price Performance

OTCMKTS BKGFY opened at $9.17 on Monday. Berkeley Group has a one year low of $8.09 and a one year high of $12.54. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.65 and a current ratio of 3.54. The firm’s fifty day moving average is $10.64 and its two-hundred day moving average is $10.54.

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.