Berkeley Group (OTCMKTS:BKGFY) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Berkeley Group Holdings PLC Unsponsored ADR (OTCMKTS:BKGFY) saw an uptick in trading volume on Monday . 54,613 shares traded hands during trading, an increase of 110% from the previous session’s volume of 25,985 shares.The stock last traded at $10.7750 and had previously closed at $10.7199.

Analysts Set New Price Targets

BKGFY has been the topic of several recent analyst reports. Citigroup reissued a “neutral” rating on shares of Berkeley Group in a research report on Tuesday, December 16th. Jefferies Financial Group upgraded shares of Berkeley Group from a “hold” rating to a “buy” rating in a report on Wednesday, December 3rd. The Goldman Sachs Group assumed coverage on shares of Berkeley Group in a research report on Monday, November 24th. They set a “sell” rating for the company. Finally, Royal Bank Of Canada reaffirmed an “underperform” rating on shares of Berkeley Group in a research report on Thursday, December 11th. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold”.

Berkeley Group Price Performance

The firm’s fifty day moving average price is $10.30 and its two-hundred day moving average price is $10.18. The company has a current ratio of 3.54, a quick ratio of 0.65 and a debt-to-equity ratio of 0.19.

About Berkeley Group

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.