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

Berkeley Group Holdings PLC Unsponsored ADR (OTCMKTS:BKGFY)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $9.17, but opened at $8.12. Berkeley Group shares last traded at $8.1750, with a volume of 4,627 shares.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BKGFY. Jefferies Financial Group upgraded Berkeley Group from a “hold” rating to a “buy” rating in a report on Wednesday, December 3rd. Royal Bank Of Canada reaffirmed an “underperform” rating on shares of Berkeley Group in a research report on Thursday, December 11th. Zacks Research upgraded Berkeley Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 5th. Finally, Citigroup reiterated a “neutral” rating on shares of Berkeley Group in a report on Tuesday, December 16th. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Berkeley Group currently has a consensus rating of “Hold”.

Berkeley Group Stock Performance

The company’s fifty day simple moving average is $10.97 and its 200-day simple moving average is $10.61. The company has a quick ratio of 0.65, a current ratio of 3.54 and a debt-to-equity ratio of 0.19.

Berkeley Group Company Profile

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.