Berkeley Group (OTCMKTS:BKGFY) Shares Gap Down – Should You Sell?

by · The Cerbat Gem

Berkeley Group Holdings PLC Unsponsored ADR (OTCMKTS:BKGFY – Get Free Report)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $10.92, but opened at $10.6860. Berkeley Group shares last traded at $10.6925, with a volume of 5,254 shares.

Analyst Ratings Changes

A number of brokerages have recently commented on BKGFY. Royal Bank Of Canada reissued an “underperform” rating on shares of Berkeley Group in a research report on Thursday, December 11th. Jefferies Financial Group raised shares of Berkeley Group from a “hold” rating to a “buy” rating in a research report on Wednesday, December 3rd. The Goldman Sachs Group initiated coverage on Berkeley Group in a report on Monday, November 24th. They issued a “sell” rating for the company. Finally, Citigroup reaffirmed a “neutral” rating on shares of Berkeley Group in a research report on Tuesday, December 16th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold”.

Get Our Latest Research Report on BKGFY

Berkeley Group Stock Up 0.2%

The business’s 50-day moving average price is $10.32 and its 200 day moving average price is $10.21. 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 Company Profile

(Get Free Report)

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.

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