Berkeley Group (OTCMKTS:BKGFY) Raised to “Hold” at Royal Bank Of Canada

Berkeley Group (OTCMKTS:BKGFY) was upgraded by 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.

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

Berkeley Group Trading Down 9.9%

BKGFY stock opened at $8.26 on Wednesday. Berkeley Group has a twelve month low of $8.09 and a twelve month high of $12.54. The firm’s fifty day simple moving average is $10.92 and its two-hundred day simple moving average is $10.60. The company has a current ratio of 3.54, a quick ratio of 0.65 and a debt-to-equity ratio of 0.19.

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.