Berkeley Group (OTCMKTS:BKGFY) Reaches New 52-Week Low – Here’s Why

Berkeley Group Holdings PLC Unsponsored ADR (OTCMKTS:BKGFYGet Free Report)’s stock price hit a new 52-week low on Friday . The stock traded as low as $9.0108 and last traded at $9.10, with a volume of 82992 shares. The stock had previously closed at $9.13.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on BKGFY shares. Zacks Research upgraded shares of Berkeley Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 5th. Citigroup reiterated a “neutral” rating on shares of Berkeley Group in a research note on Tuesday, December 16th. Jefferies Financial Group raised shares of Berkeley Group from a “hold” rating to a “buy” rating in a research report on Wednesday, December 3rd. Finally, Royal Bank Of Canada reaffirmed an “underperform” rating on shares of Berkeley Group in a report on Thursday, December 11th. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Berkeley Group currently has a consensus rating of “Hold”.

Read Our Latest Report on BKGFY

Berkeley Group Stock Performance

The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.65 and a current ratio of 3.54. The company’s 50-day moving average price is $11.07 and its 200 day moving average price is $10.62.

About Berkeley Group

(Get Free Report)

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.

Further Reading

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