Shares in Berkeley Group Holdings PLC (LSE:BKG) fell after Deutsche Bank downgraded the stock, citing lower profits and shareholder returns following a recent tactical shift. The housebuilder said at the start of this month that it will stop buying land and limit work-in-progress investment to current sales rates, a move that was said to reflect subdued demand and a tougher regulatory backdrop.
Shares of Berkeley Group Holdings PLC Unsponsored ADR (OTCMKTS:BKGFY - Get Free Report) have been assigned a consensus recommendation of "Hold" from the seven ratings firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, one has assigned a
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| Diversified REITs Industry | Real Estate Sector | Richard James Stearn CEO | OTC PINK Exchange | 08425P104 CUSIP |
| GB Country | 2,610 Employees | 10 Mar 2025 Last Dividend | 20 Sep 2024 Last Split | - IPO Date |
The Berkeley Group Holdings plc, established in 1976, is a prominent player in the UK's property development sector, focusing primarily on residential-led and mixed-use developments. Alongside its core development activities, the company engages in land selling. With its headquarters in Cobham, United Kingdom, The Berkeley Group operates under a variety of brand names, including Berkeley, St Edward, St George, St James, St Joseph, and St William, marking its presence as a diversified and significant entity in the UK property market.