Berkeley Group (OTCMKTS:BKGFY) Stock Rating Lowered by Berenberg Bank

Berkeley Group (OTCMKTS:BKGFY) was downgraded by stock analysts at Berenberg Bank from a “strong-buy” rating to a “hold” rating in a report issued on Friday,Zacks.com reports.

Several other brokerages have also recently weighed in on BKGFY. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Berkeley Group in a research note on Thursday. Zacks Research upgraded Berkeley Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 9th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Berkeley Group has a consensus rating of “Hold”.

Berkeley Group Trading Down 3.9%

Shares of OTCMKTS:BKGFY opened at $9.56 on Friday. The company’s fifty day moving average is $9.09 and its 200-day moving average is $10.06. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.65 and a current ratio of 3.54. Berkeley Group has a 52 week low of $8.09 and a 52 week high of $12.54.

Berkeley Group Company Profile

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.