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

Berkeley Group Holdings PLC Unsponsored ADR (OTCMKTS:BKGFY)’s stock 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 trading hands.

Analyst Ratings Changes

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

Berkeley Group Stock Performance

The business has a 50 day moving average of $9.44 and a two-hundred day moving average of $9.57. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.70 and a current ratio of 3.58.

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.