Berkeley Group (OTCMKTS:BKGFY) Shares Gap Up – Time to Buy?

Berkeley Group Holdings PLC Unsponsored ADR (OTCMKTS:BKGFY)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $9.15, but opened at $9.57. Berkeley Group shares last traded at $9.78, with a volume of 14,107 shares trading hands.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on BKGFY shares. Zacks Research upgraded Berkeley Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 9th. Royal Bank Of Canada upgraded Berkeley Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 1st. One analyst has rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Berkeley Group has an average rating of “Hold”.

Berkeley Group Stock Performance

The company has a fifty day moving average of $9.06 and a 200-day moving average of $10.06. The company has a quick ratio of 0.65, a current ratio of 3.54 and a debt-to-equity ratio of 0.19.

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.