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

Berkeley Group Holdings PLC Unsponsored ADR (OTCMKTS:BKGFY) shares gapped down prior to trading on Monday . The stock had previously closed at $10.30, but opened at $9.96. Berkeley Group shares last traded at $9.96, with a volume of 5,871 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Jefferies Financial Group raised 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 report on Thursday, December 11th. Citigroup restated a “neutral” rating on shares of Berkeley Group in a report on Tuesday, December 16th. Zacks Research raised shares of Berkeley Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 5th. Finally, The Goldman Sachs Group started coverage on shares of Berkeley Group in a research note on Monday, November 24th. They issued a “sell” rating on the stock. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Berkeley Group currently has a consensus rating of “Hold”.

Berkeley Group Trading Down 3.8%

The company has a current ratio of 3.54, a quick ratio of 0.65 and a debt-to-equity ratio of 0.19. The firm has a 50-day simple moving average of $11.31 and a two-hundred day simple moving average of $10.64.

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.