Berkeley Group (OTCMKTS:BKGFY) Shares Gap Down – Time to Sell?

Berkeley Group Holdings PLC Unsponsored ADR (OTCMKTS:BKGFY)’s stock price gapped down prior to trading on Thursday. The stock had previously closed at $8.92, but opened at $8.56. Berkeley Group shares last traded at $8.52, with a volume of 854 shares traded.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on BKGFY shares. Zacks Research upgraded Berkeley Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 9th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Berkeley Group in a research report on Thursday, June 25th. Kepler Capital Markets lowered shares of Berkeley Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 2nd. Finally, Berenberg Bank cut Berkeley Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 26th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Berkeley Group currently has a consensus rating of “Hold”.

Berkeley Group Trading Down 4.6%

The business has a fifty day moving average price of $9.35 and a 200 day moving average price of $9.20. The company has a current ratio of 3.58, a quick ratio of 0.70 and a debt-to-equity ratio of 0.18.

Berkeley Group Company Profile

Berkeley Group Holdings plc is a United Kingdom-based residential property developer focused on creating new homes and mixed-use communities. The company develops houses and apartments, including private, affordable and assisted-living properties, and also delivers related infrastructure, public spaces and community facilities.

Established in 1976, Berkeley operates primarily in London, Birmingham and the South of England. Its activities include urban regeneration, brownfield redevelopment and the transformation of large sites into residential neighborhoods.