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

Shares of Berkeley Group Holdings PLC Unsponsored ADR (OTCMKTS:BKGFY) gapped up before the market opened on Thursday . The stock had previously closed at $10.61, but opened at $11.19. Berkeley Group shares last traded at $10.5735, with a volume of 2,047 shares.

Analyst Upgrades and Downgrades

Several research firms recently commented on BKGFY. The Goldman Sachs Group started coverage on Berkeley Group in a research note on Monday, November 24th. They issued a “sell” rating on the stock. Jefferies Financial Group raised Berkeley Group from a “hold” rating to a “buy” rating in a research report on Wednesday, December 3rd. Citigroup reiterated a “neutral” rating on shares of Berkeley Group in a research note on Tuesday, December 16th. Finally, Royal Bank Of Canada restated an “underperform” rating on shares of Berkeley Group in a research note on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating, one has assigned 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 presently has a consensus rating of “Hold”.

Berkeley Group Price Performance

The company has a debt-to-equity ratio of 0.19, a current ratio of 3.54 and a quick ratio of 0.65. The company has a 50-day moving average price of $10.36 and a two-hundred day moving average price of $10.21.

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.