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

Key Points

• Zacks Research downgraded Berkeley Group from a "strong-buy" to a "hold" rating in a report issued Monday.
• The analyst consensus on the stock is Hold; of seven analysts 1 rates Strong Buy, 1 Buy, 4 Hold and 1 Sell, and RBC recently upgraded its view from "strong sell" to "hold".
• Shares opened at $8.49 with a 50-day/200-day moving average of $10.68/$10.55 and a 52-week range of $8.09–$12.54, reflecting recent weakness below its moving averages.

Berkeley Group (OTCMKTS:BKGFY - Get Free Report) was downgraded by Zacks Research from a "strong-buy" rating to a "hold" rating in a research report issued on Monday,Zacks.com reports.

A number of other research firms have also recently weighed in on BKGFY. Citigroup reiterated a "neutral" rating on shares of Berkeley Group in a research 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 research report on Wednesday, April 1st. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Berkeley Group currently has a consensus rating of "Hold".

Berkeley Group Stock Performance

Shares of BKGFY opened at $8.49 on Monday. The company's fifty day moving average is $10.68 and its 200 day moving average is $10.55. Berkeley Group has a fifty-two week low of $8.09 and a fifty-two week high of $12.54. 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 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.

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