Berkeley Group (OTCMKTS:BKGFY) Shares Down 2.1% – Here’s Why

Shares of Berkeley Group Holdings PLC Unsponsored ADR (OTCMKTS:BKGFY) traded down 2.1% during trading on Monday . The stock traded as low as $9.04 and last traded at $9.0585. 95,946 shares were traded during trading, a decline of 1% from the average session volume of 96,749 shares. The stock had previously closed at $9.25.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on BKGFY shares. Royal Bank Of Canada raised shares of Berkeley Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 1st. Zacks Research cut shares of Berkeley Group from a “hold” rating to a “strong sell” rating in a research report on Monday, May 11th. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce”.

Berkeley Group Stock Performance

The company has a current ratio of 3.54, a quick ratio of 0.65 and a debt-to-equity ratio of 0.19. The firm has a 50-day moving average of $8.96 and a 200-day moving average of $10.11.

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.