Berkeley Group (OTCMKTS:BKGFY) Downgraded to Hold Rating by Berenberg Bank

Berenberg Bank cut shares of Berkeley Group (OTCMKTS:BKGFY) from a strong-buy rating to a hold rating in a research note published on Friday morning,Zacks.com reports.

A number of other equities analysts also recently issued reports on the company. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Berkeley Group in a report on Thursday. Zacks Research raised shares of Berkeley Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 9th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Berkeley Group Stock Performance

BKGFY opened at $9.56 on Friday. Berkeley Group has a one year low of $8.09 and a one year high of $12.54. 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 business’s 50-day simple moving average is $9.09 and its 200-day simple moving average is $10.06.

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.