The Berkeley Group (LON:BKG) Earns Hold Rating from Berenberg Bank

by · The Cerbat Gem

The Berkeley Group (LON:BKG – Get Free Report)‘s stock had its “hold” rating reaffirmed by Berenberg Bank in a report released on Friday,Digital Look reports. They currently have a GBX 4,000 price objective on the stock. Berenberg Bank’s price target suggests a potential upside of 11.42% from the company’s previous close.

Several other research analysts have also commented on the company. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 4,531 price target on shares of The Berkeley Group in a research report on Thursday. Bank of America raised The Berkeley Group to a “buy” rating and lowered their price objective for the company from GBX 4,080 to GBX 4,020 in a research note on Monday, March 30th. Royal Bank Of Canada lifted their target price on The Berkeley Group from GBX 3,850 to GBX 4,100 and gave the stock an “outperform” rating in a report on Thursday. Finally, JPMorgan Chase & Co. cut their target price on The Berkeley Group from GBX 5,000 to GBX 4,200 and set an “overweight” rating on the stock in a research report on Thursday, April 2nd. Five equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 8,253.75.

Get Our Latest Analysis on BKG

The Berkeley Group Price Performance

The Berkeley Group stock traded down GBX 162 during mid-day trading on Friday, reaching GBX 3,590. 1,517,621 shares of the company’s stock traded hands, compared to its average volume of 4,047,152. The Berkeley Group has a 12-month low of GBX 2,796 and a 12-month high of GBX 4,442. 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 stock has a 50 day moving average of GBX 3,385.97 and a two-hundred day moving average of GBX 3,712.65. The company has a market cap of £3.32 billion, a price-to-earnings ratio of 9.77, a PEG ratio of -0.87 and a beta of 1.19.

The Berkeley Group (LON:BKG – Get Free Report) last issued its quarterly earnings data on Wednesday, June 24th. The company reported GBX 331.60 EPS for the quarter. The business had revenue of GBX 238.33 billion during the quarter. The Berkeley Group had a net margin of 13.36% and a return on equity of 8.79%.

Insider Activity at The Berkeley Group

In other The Berkeley Group news, insider Robert C. G. Perrins acquired 7,000 shares of the company’s stock in a transaction that occurred on Thursday, April 30th. The stock was bought at an average price of GBX 3,168 per share, for a total transaction of £221,760. Also, insider Rachel Downey acquired 575 shares of the business’s stock in a transaction on Wednesday, April 15th. The stock was acquired at an average cost of GBX 3,449 per share, for a total transaction of £19,831.75. Over the last quarter, insiders bought 14,575 shares of company stock worth $46,874,175. Company insiders own 9.98% of the company’s stock.

About The Berkeley Group

(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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