Berkeley Group (OTCMKTS:BKGFY) Stock Rating Lowered by Berenberg Bank

Berkeley Group (OTCMKTS:BKGFY) was downgraded by equities research analysts at Berenberg Bank from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Friday,Zacks.com reports.

Several other analysts also recently weighed in on the company. Royal Bank Of Canada restated an “outperform” rating on shares of Berkeley Group in a research note on Thursday. Zacks Research raised 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, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold”.

Berkeley Group Stock Down 3.9%

BKGFY stock opened at $9.56 on Friday. The company has a 50-day moving average of $9.09 and a two-hundred day moving average of $10.06. Berkeley Group has a 52-week low of $8.09 and a 52-week high of $12.54. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.65 and a current ratio of 3.54.

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.