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

Berkeley Group Holdings PLC Unsponsored ADR (OTCMKTS:BKGFY)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $9.66, but opened at $9.33. Berkeley Group shares last traded at $9.31, with a volume of 887 shares.

Analyst Ratings Changes

Several brokerages recently issued reports on BKGFY. Kepler Capital Markets lowered Berkeley Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 2nd. Royal Bank Of Canada reiterated an “outperform” rating on shares of Berkeley Group in a research report on Thursday, June 25th. Zacks Research raised Berkeley Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 9th. Finally, Berenberg Bank downgraded Berkeley Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 26th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Berkeley Group Stock Performance

The company has a debt-to-equity ratio of 0.18, a current ratio of 3.58 and a quick ratio of 0.70. The stock’s 50-day moving average price is $9.44 and its 200-day moving average price is $9.57.

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.