Berkeley Group (OTCMKTS:BKGFY) Sees Large Volume Increase – What’s Next?

Berkeley Group Holdings PLC Unsponsored ADR (OTCMKTS:BKGFY) saw unusually-high trading volume on Friday . Approximately 184,074 shares traded hands 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.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on BKGFY. The Goldman Sachs Group started coverage on Berkeley Group in a report on Monday, November 24th. They issued a “sell” rating for the company. Jefferies Financial Group upgraded Berkeley Group from a “hold” rating to a “buy” rating in a research report on Wednesday, December 3rd. Royal Bank Of Canada reiterated an “underperform” rating on shares of Berkeley Group in a research report on Thursday, December 11th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Berkeley Group in a research note on Tuesday, December 16th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Berkeley Group has a consensus rating of “Hold”.

Berkeley Group Trading Down 1.0%

The company’s 50-day moving average is $10.51 and its two-hundred day 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.