Berkeley Group (OTCMKTS:BKGFY) Shares Gap Down – Time to Sell?

Berkeley Group Holdings PLC Unsponsored ADR (OTCMKTS:BKGFY) shares gapped down before the market opened on Wednesday . The stock had previously closed at $10.9950, but opened at $10.45. Berkeley Group shares last traded at $10.57, with a volume of 31,842 shares trading hands.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Kepler Capital Markets upgraded Berkeley Group to a “hold” rating in a research note on Wednesday, July 23rd. Zacks Research cut shares of Berkeley Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 29th. Two analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy”.

Berkeley Group Stock Down 1.1%

The business has a 50 day simple moving average of $10.42 and a 200-day simple moving average of $10.52. The company has a quick ratio of 0.61, a current ratio of 3.36 and a debt-to-equity ratio of 0.19.

About Berkeley Group

The Berkeley Group Holdings plc, together with its subsidiaries, engages in the residential-led and mixed-use property development and ancillary activities in the United Kingdom. The company is involved in land selling activities. It operates under the Berkeley, St Edward, St George, St James, St Joseph, and St William brand names.