Berkeley Group (OTCMKTS:BKGFY) Sees Unusually-High Trading Volume – Here’s What Happened
by Teresa Graham · The Cerbat GemShares of Berkeley Group Holdings PLC Unsponsored ADR (OTCMKTS:BKGFY – Get Free Report) saw unusually-strong trading volume on Friday . Approximately 184,074 shares were traded during trading, an increase of 135% from the previous session’s volume of 78,474 shares.The stock last traded at $11.3925 and had previously closed at $11.49.
Analysts Set New Price Targets
Several equities analysts have recently commented on the stock. Royal Bank Of Canada restated an “underperform” rating on shares of Berkeley Group in a research report on Thursday, December 11th. Citigroup reiterated a “neutral” rating on shares of Berkeley Group in a research report on Tuesday, December 16th. The Goldman Sachs Group began coverage on shares of Berkeley Group in a research report on Monday, November 24th. They set a “sell” rating for the company. Finally, Jefferies Financial Group upgraded shares of Berkeley Group from a “hold” rating to a “buy” rating in a research report on Wednesday, December 3rd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have assigned 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”.
View Our Latest Analysis on Berkeley Group
Berkeley Group Stock Down 1.0%
The business’s 50-day simple moving average is $10.51 and its 200 day simple moving average is $10.28. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.54 and a quick ratio of 0.65.
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.