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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