Berkeley Group (OTCMKTS:BKGFY) Upgraded to Hold at Royal Bank Of Canada

Berkeley Group (OTCMKTS:BKGFY) was upgraded by equities researchers at Royal Bank Of Canada from a “strong sell” rating to a “hold” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Several other research analysts have also issued reports on BKGFY. Citigroup reissued a “neutral” rating on shares of Berkeley Group in a research report on Tuesday, December 16th. Jefferies Financial Group raised shares of Berkeley Group from a “hold” rating to a “buy” rating in a report on Wednesday, December 3rd. Finally, Zacks Research raised Berkeley Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 5th. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Berkeley Group Trading Down 9.9%

Shares of BKGFY stock opened at $8.26 on Wednesday. The company has a quick ratio of 0.65, a current ratio of 3.54 and a debt-to-equity ratio of 0.19. Berkeley Group has a 52 week low of $8.09 and a 52 week high of $12.54. The stock has a fifty day moving average of $10.92 and a 200 day moving average of $10.60.

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.