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Berkeley Group (OTCMKTS:BKGFY) Trading Down 3.4% - What's Next?

Berkeley Group logo with Finance background

Key Points

  • The shares of Berkeley Group Holdings PLC (OTCMKTS:BKGFY) decreased by 3.4%, trading as low as $9.86 with a last traded price of $9.97 on Monday.
  • Analysts have upgraded Berkeley Group's stock ratings, with UBS Group changing it from a "hold" to a "strong-buy" rating, indicating growing confidence in the company's performance.
  • The company's current ratio is notably high at 3.36, suggesting it is in a strong position to meet short-term obligations.
  • Interested in Berkeley Group? Here are five stocks we like better.

Shares of Berkeley Group Holdings PLC Unsponsored ADR (OTCMKTS:BKGFY - Get Free Report) were down 3.4% on Monday . The stock traded as low as $9.86 and last traded at $9.97. Approximately 53,755 shares changed hands during mid-day trading, a decline of 52% from the average daily volume of 111,446 shares. The stock had previously closed at $10.32.

Analyst Ratings Changes

Several research analysts have recently weighed in on BKGFY shares. UBS Group upgraded shares of Berkeley Group from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 28th. Royal Bank Of Canada raised shares of Berkeley Group from a "strong sell" rating to a "moderate buy" rating in a report on Wednesday, July 9th. Finally, Kepler Capital Markets raised shares of Berkeley Group to a "hold" rating in a report on Wednesday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Buy".

Read Our Latest Report on BKGFY

Berkeley Group Stock Performance

The stock's fifty day simple moving average is $10.13 and its two-hundred day simple moving average is $10.26. The company has a current ratio of 3.36, a quick ratio of 0.61 and a debt-to-equity ratio of 0.19.

About Berkeley Group

(Get Free Report)

The Berkeley Group Holdings plc, together with its subsidiaries, engages in the residential-led and mixed-use property development and ancillary activities in the United Kingdom. The company is involved in land selling activities. It operates under the Berkeley, St Edward, St George, St James, St Joseph, and St William brand names.

See Also

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