Berkeley Group (OTCMKTS:BKGFY) Downgraded by Kepler Capital Markets to Strong Sell

Kepler Capital Markets lowered shares of Berkeley Group (OTCMKTS:BKGFY) from a hold rating to a strong sell rating in a research report report published on Thursday,Zacks.com reports.

Several other equities research analysts also recently issued reports on BKGFY. Zacks Research upgraded shares of Berkeley Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 9th. Berenberg Bank lowered shares of Berkeley Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 26th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Berkeley Group in a report on Thursday, June 25th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Berkeley Group presently has a consensus rating of “Hold”.

Berkeley Group Price Performance

Shares of OTCMKTS BKGFY opened at $9.13 on Thursday. Berkeley Group has a 12 month low of $8.09 and a 12 month high of $12.54. The business’s 50 day moving average is $9.09 and its two-hundred day moving average is $10.04. The company has a quick ratio of 0.65, a current ratio of 3.54 and a debt-to-equity ratio of 0.19.

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.