The Berkeley Group (LON:BKG) Share Price Crosses Below 200-Day Moving Average – Should You Sell?
by Tristan Rich · The Markets DailyThe Berkeley Group Holdings plc (LON:BKG – Get Free Report)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 3,650.79 and traded as low as GBX 3,370. The Berkeley Group shares last traded at GBX 3,373.41, with a volume of 205,688 shares trading hands.
Analyst Ratings Changes
Several research firms have recently weighed in on BKG. Jefferies Financial Group reduced their price target on The Berkeley Group from GBX 4,531 to GBX 4,517 and set a “buy” rating on the stock in a report on Tuesday, July 7th. Royal Bank Of Canada raised their price objective on shares of The Berkeley Group from GBX 3,850 to GBX 4,100 and gave the company an “outperform” rating in a report on Thursday, June 25th. Berenberg Bank reiterated a “hold” rating and set a GBX 4,000 target price on shares of The Berkeley Group in a research report on Friday, June 26th. JPMorgan Chase & Co. reduced their target price on shares of The Berkeley Group from GBX 5,000 to GBX 4,200 and set an “overweight” rating on the stock in a report on Thursday, April 2nd. Finally, Bank of America upgraded shares of The Berkeley Group to a “buy” rating and decreased their price target for the company from GBX 4,080 to GBX 4,020 in a research report on Monday, March 30th. Five equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 8,252.
The Berkeley Group Trading Up 1.8%
The company has a market cap of £3.16 billion, a price-to-earnings ratio of 10.37, a PEG ratio of -0.87 and a beta of 1.19. The firm has a 50 day moving average price of GBX 3,418.16 and a two-hundred day moving average price of GBX 3,649.26. The company has a quick ratio of 0.57, a current ratio of 3.58 and a debt-to-equity ratio of 18.24.
The Berkeley Group (LON:BKG – Get Free Report) last issued its quarterly earnings data on Wednesday, June 24th. The company reported GBX 331.60 earnings per share (EPS) for the quarter. The company had revenue of GBX 238.33 billion during the quarter. The Berkeley Group had a return on equity of 8.79% and a net margin of 13.36%.
Insider Transactions at The Berkeley Group
In other news, insider Robert C. G. Perrins purchased 7,000 shares of the company’s stock in a transaction dated Thursday, April 30th. The shares were purchased at an average price of GBX 3,168 per share, for a total transaction of £221,760. Insiders own 10.03% of the company’s stock.
About The Berkeley Group
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.