Berkeley Group (OTCMKTS:BKGFY) Shares Gap Up – Still a Buy?

Shares of Berkeley Group Holdings PLC Unsponsored ADR (OTCMKTS:BKGFY) gapped up prior to trading on Tuesday . The stock had previously closed at $10.50, but opened at $11.3199. Berkeley Group shares last traded at $10.7850, with a volume of 29,796 shares traded.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on BKGFY. Kepler Capital Markets raised shares of Berkeley Group to a “hold” rating in a research report on Wednesday, July 23rd. Zacks Research lowered Berkeley Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 29th. Two investment analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy”.

Berkeley Group Stock Up 3.6%

The company has a quick ratio of 0.61, a current ratio of 3.36 and a debt-to-equity ratio of 0.19. The firm has a 50 day simple moving average of $10.33 and a 200 day simple moving average of $10.53.

Berkeley Group Company Profile

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.