The Berkeley Group Holdings plc (LON:BKG) Stock Has Average Target Price of GBX 8,690.71 According to Analysts

by · The Markets Daily

Shares of The Berkeley Group Holdings plc (LON:BKG – Get Free Report) have been given an average rating of “Hold” by the seven ratings firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is GBX 8,690.71.

Several research analysts recently commented on the stock. Royal Bank Of Canada boosted their price objective on shares of The Berkeley Group from GBX 3,850 to GBX 4,100 and gave the stock an “outperform” rating in a research note on Thursday, June 25th. Citigroup decreased their target price on shares of The Berkeley Group from £375.40 to £365 and set a “neutral” rating for the company in a research report on Friday, June 26th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 4,301 price target on shares of The Berkeley Group in a research report on Friday, October 16th. Finally, Berenberg Bank reaffirmed a “hold” rating and set a GBX 4,000 price target on shares of The Berkeley Group in a research report on Friday, June 26th.

Get Our Latest Stock Analysis on The Berkeley Group

The Berkeley Group Trading Up 3.4%

LON BKG opened at GBX 3,438 on Friday. The company has a debt-to-equity ratio of 18.24, a quick ratio of 0.57 and a current ratio of 3.58. The company has a market capitalization of £3.12 billion, a price-to-earnings ratio of 10.38, a price-to-earnings-growth ratio of -0.87 and a beta of 1.18. The company’s 50-day simple moving average is GBX 3,386.92 and its two-hundred day simple moving average is GBX 3,397.04. The Berkeley Group has a one year low of GBX 2,796 and a one year high of GBX 4,442.

Insiders Place Their Bets

In other news, insider Richard Stearn acquired 1,128 shares of The Berkeley Group stock in a transaction dated Tuesday, August 11th. The stock was purchased at an average cost of GBX 3,526 per share, for a total transaction of £39,773.28. Also, insider Neil Eady purchased 3,405 shares of The Berkeley Group stock in a transaction on Tuesday, August 11th. The shares were acquired at an average cost of GBX 3,515 per share, with a total value of £119,685.75. Insiders purchased a total of 5,097 shares of company stock valued at $17,931,747 in the last 90 days. 8.42% of the stock is currently owned by company insiders.

The Berkeley Group Company Profile

(Get Free Report)

At Berkeley Group we build homes and neighbourhoods across London, Birmingham and the South of England.

Our passion and purpose is to build quality homes, strengthen communities and make a positive difference to people’s lives. We use our sustained commercial success to make valuable and enduring contributions that benefit all our stakeholders.

We specialise in brownfield regeneration, working closely with local communities and councils to revive underused land and create homes where they are needed most.

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