Berkeley Group (OTCMKTS:BKGFY) Sees Unusually-High Trading Volume - Time to Buy?

Key Points

• Trading spike: Volume jumped 47% to 141,995 shares mid-day and the stock rose to $9.28 from a prior close of $8.49.
• Analyst consensus — Hold: MarketBeat shows a consensus "Hold" (1 Strong Buy, 1 Buy, 4 Hold, 1 Sell) with recent moves including Zacks cutting to Hold and RBC upgrading from Strong Sell to Hold.
• Technicals and balance-sheet notes: the stock trades below its 50- ($10.68) and 200-day ($10.55) moving averages, while leverage is low (debt/equity 0.19) and liquidity is mixed (quick ratio 0.65, current ratio 3.54).

Berkeley Group Holdings PLC Unsponsored ADR (OTCMKTS:BKGFY - Get Free Report) saw strong trading volume on Wednesday . 141,995 shares changed hands during mid-day trading, an increase of 47% from the previous session's volume of 96,860 shares.The stock last traded at $9.28 and had previously closed at $8.49.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Zacks Research lowered Berkeley Group from a "strong-buy" rating to a "hold" rating in a report on Monday. Royal Bank Of Canada raised Berkeley Group from a "strong sell" rating to a "hold" rating in a report on Wednesday, April 1st. Finally, Citigroup reaffirmed a "neutral" rating on shares of Berkeley Group in a report on Tuesday, December 16th. 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. Based on data from MarketBeat.com, Berkeley Group presently has a consensus rating of "Hold".

Berkeley Group Price Performance

The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.65 and a current ratio of 3.54. The company has a 50-day moving average of $10.68 and a 200-day moving average of $10.55.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.