Berkeley Group (OTCMKTS:BKGFY) Stock Rating Upgraded by Zacks Research

Berkeley Group (OTCMKTS:BKGFY) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Thursday,Zacks.com reports.

A number of other analysts have also issued reports on the stock. Royal Bank Of Canada restated an “underperform” rating on shares of Berkeley Group in a research report on Thursday, December 11th. Citigroup reissued a “neutral” rating on shares of Berkeley Group in a research note on Tuesday, December 16th. The Goldman Sachs Group started coverage on Berkeley Group in a research report on Monday, November 24th. They issued a “sell” rating for the company. Finally, Jefferies Financial Group upgraded Berkeley Group from a “hold” rating to a “buy” rating in a research note on Wednesday, December 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have assigned 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 Stock Up 0.8%

Berkeley Group stock opened at $11.60 on Thursday. Berkeley Group has a 12-month low of $9.03 and a 12-month high of $12.37. The company has a quick ratio of 0.65, a current ratio of 3.54 and a debt-to-equity ratio of 0.19. The firm’s 50-day moving average is $10.71 and its two-hundred day moving average is $10.36.

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.