Berkeley Group (OTCMKTS:BKGFY) Hits New 12-Month High – Still a Buy?

Shares of Berkeley Group Holdings PLC Unsponsored ADR (OTCMKTS:BKGFY) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $12.54 and last traded at $11.92, with a volume of 458 shares traded. The stock had previously closed at $11.90.

Analyst Ratings Changes

Several brokerages recently issued reports on BKGFY. Royal Bank Of Canada reiterated an “underperform” rating on shares of Berkeley Group in a report on Thursday, December 11th. Jefferies Financial Group raised Berkeley Group from a “hold” rating to a “buy” rating in a research report on Wednesday, December 3rd. Zacks Research raised shares of Berkeley Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 5th. The Goldman Sachs Group initiated coverage on shares of Berkeley Group in a research note on Monday, November 24th. They set a “sell” rating on the stock. Finally, Citigroup reiterated a “neutral” rating on shares of Berkeley Group in a research report on Tuesday, December 16th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold”.

Berkeley Group Price Performance

The company has a debt-to-equity ratio of 0.19, a current ratio of 3.54 and a quick ratio of 0.65. The stock has a 50 day moving average price of $11.30 and a 200 day moving average price of $10.59.

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.