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Berkeley Group (OTCMKTS:BKGFY) Trading Up 4.9% - Here's What Happened

Berkeley Group logo with Finance background

Key Points

  • Berkeley Group Holdings PLC saw a significant stock price increase of 4.9%, closing at $11.33 after trading as high as this price on Wednesday.
  • Analyst ratings for Berkeley Group vary, with two analysts rating it as a Strong Buy, two as Hold, and a consensus rating of Buy currently.
  • The company's 50-day and 200-day moving averages are $10.14 and $10.46 respectively, indicating some stability in its stock performance.
  • Interested in Berkeley Group? Here are five stocks we like better.

Berkeley Group Holdings PLC Unsponsored ADR (OTCMKTS:BKGFY - Get Free Report)'s stock price rose 4.9% during mid-day trading on Wednesday . The company traded as high as $11.33 and last traded at $11.33. Approximately 32,928 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 185,695 shares. The stock had previously closed at $10.80.

Analyst Upgrades and Downgrades

BKGFY has been the subject of several analyst reports. Kepler Capital Markets raised shares of Berkeley Group to a "hold" rating in a report on Wednesday, July 23rd. Royal Bank Of Canada upgraded Berkeley Group from a "strong sell" rating to a "moderate buy" rating in a report on Wednesday, July 9th. Finally, Zacks Research cut Berkeley Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 29th. Two equities research analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, Berkeley Group currently has a consensus rating of "Buy".

View Our Latest Analysis on BKGFY

Berkeley Group Price Performance

The company has a 50 day moving average of $10.14 and a 200 day moving average of $10.46. The company has a quick ratio of 0.61, a current ratio of 3.36 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.

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