Berkeley Group (OTCMKTS:BKGFY) Stock Rating Lowered by Zacks Research

Berkeley Group (OTCMKTS:BKGFY) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

BKGFY has been the topic of a number of other reports. Citigroup restated a “neutral” rating on shares of Berkeley Group in a report on Tuesday, December 16th. Royal Bank Of Canada upgraded shares of Berkeley Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 1st. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Berkeley Group Stock Up 2.0%

OTCMKTS BKGFY opened at $8.49 on Monday. The company’s 50-day moving average price is $10.68 and its 200-day moving average price is $10.55. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.65 and a current ratio of 3.54. Berkeley Group has a 12 month low of $8.09 and a 12 month high of $12.54.

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.