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Berkeley Group (OTCMKTS:BKGFY) Trading Down 4% - Should You Sell?

Berkeley Group logo with Finance background

Key Points

  • Berkeley Group's shares fell by 4%, trading at $9.91, marking a significant decrease from the previous close of $10.32 with a notable drop in trading volume.
  • Analysts have recently upgraded Berkeley Group's ratings, with UBS Group shifting it from "hold" to "strong-buy" and Royal Bank Of Canada moving from "strong sell" to "moderate buy".
  • The company's financial indicators suggest a strong liquidity position, with a current ratio of 3.36 and a debt-to-equity ratio of only 0.19.
  • MarketBeat previews top five stocks to own in October.

Shares of Berkeley Group Holdings PLC Unsponsored ADR (OTCMKTS:BKGFY - Get Free Report) traded down 4% during trading on Monday . The company traded as low as $9.86 and last traded at $9.91. 22,583 shares changed hands during mid-day trading, a decline of 90% from the average session volume of 226,220 shares. The stock had previously closed at $10.32.

Analysts Set New Price Targets

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

View Our Latest Stock Report on Berkeley Group

Berkeley Group Price Performance

The company's 50-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.

Berkeley Group Company Profile

(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.

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