Berkeley Group (OTCMKTS:BKGFY) Shares Gap Up – Here’s Why

by · The Cerbat Gem

Berkeley Group Holdings PLC Unsponsored ADR (OTCMKTS:BKGFY – Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $10.61, but opened at $11.19. Berkeley Group shares last traded at $10.5735, with a volume of 2,047 shares trading hands.

Wall Street Analysts Forecast Growth

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

Read Our Latest Stock Report on BKGFY

Berkeley Group Stock 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 stock’s 50 day moving average is $10.34 and its 200 day moving average is $10.20.

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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