Berkeley Group (OTCMKTS:BKGFY) Upgraded at Zacks Research

Zacks Research upgraded shares of Berkeley Group (OTCMKTS:BKGFY) from a hold rating to a strong-buy rating in a research report sent to investors on Thursday morning,Zacks.com reports.

Several other analysts also recently weighed in on the company. Citigroup restated a “neutral” rating on shares of Berkeley Group in a research note on Tuesday, December 16th. Royal Bank Of Canada restated an “underperform” rating on shares of Berkeley Group in a report on Thursday, December 11th. Jefferies Financial Group upgraded shares of Berkeley Group from a “hold” rating to a “buy” rating in a research note on Wednesday, December 3rd. Finally, The Goldman Sachs Group initiated coverage on shares of Berkeley Group in a research report on Monday, November 24th. They set a “sell” rating on the stock. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Berkeley Group Price Performance

BKGFY opened at $11.60 on Thursday. The company has a current ratio of 3.54, a quick ratio of 0.65 and a debt-to-equity ratio of 0.19. Berkeley Group has a twelve month low of $9.03 and a twelve month high of $12.37. The company has a fifty day moving average of $10.71 and a 200-day moving average of $10.36.

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.