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

Berkeley Group (OTCMKTS:BKGFY) was downgraded by stock analysts at Kepler Capital Markets from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

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

Berkeley Group Stock Performance

BKGFY stock opened at $9.13 on Thursday. The stock’s 50 day moving average price is $9.09 and its 200 day moving average price 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 has a 1 year low of $8.09 and a 1 year high of $12.54.

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.