Berkeley Group (OTCMKTS:BKGFY) Reaches New 12-Month Low – Should You Sell?

Berkeley Group Holdings PLC Unsponsored ADR (OTCMKTS:BKGFY)’s share price hit a new 52-week low on Thursday . The stock traded as low as $8.09 and last traded at $8.26, with a volume of 145180 shares. The stock had previously closed at $9.17.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on BKGFY shares. Royal Bank Of Canada restated an “underperform” rating on shares of Berkeley Group in a research report on Thursday, December 11th. 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 reiterated a “neutral” rating on shares of Berkeley Group in a research note on Tuesday, December 16th. Finally, Jefferies Financial Group raised Berkeley Group from a “hold” rating to a “buy” rating in a research report on Wednesday, December 3rd. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold”.

Berkeley Group Price Performance

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 company has a 50 day simple moving average of $10.92 and a 200 day simple moving average of $10.60.

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.