Berkeley Group (OTCMKTS:BKGFY) Shares Gap Up – Time to Buy?

Berkeley Group Holdings PLC Unsponsored ADR (OTCMKTS:BKGFY) gapped up prior to trading on Tuesday . The stock had previously closed at $8.32, but opened at $8.61. Berkeley Group shares last traded at $8.51, with a volume of 44,235 shares trading hands.

Wall Street Analyst Weigh In

BKGFY has been the topic of a number of research reports. Citigroup reissued a “neutral” rating on shares of Berkeley Group in a research note on Tuesday, December 16th. Royal Bank Of Canada upgraded shares of Berkeley Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 1st. Finally, Zacks Research upgraded shares of Berkeley Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 5th. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

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 company’s fifty day moving average price is $10.74 and its two-hundred day moving average price is $10.56.

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.