Shore Capital Reiterates Hold Rating for Berkeley Group (LON:BKG)

Berkeley Group (LON:BKG)‘s stock had its “hold” rating reissued by analysts at Shore Capital in a research report issued to clients and investors on Monday, ThisIsMoney.Co.Uk reports.

BKG has been the subject of a number of other research reports. Deutsche Bank initiated coverage on shares of Berkeley Group in a research note on Wednesday, September 4th. They issued a “sell” rating and a GBX 3,428 ($44.79) price objective for the company. UBS Group reissued a “buy” rating on shares of Berkeley Group in a research note on Thursday, September 19th. Peel Hunt reissued an “add” rating on shares of Berkeley Group in a research note on Tuesday, October 15th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 4,856 ($63.45) price objective (up previously from GBX 4,391 ($57.38)) on shares of Berkeley Group in a research note on Friday, September 27th. Finally, Liberum Capital reissued a “hold” rating and issued a GBX 3,700 ($48.35) price objective on shares of Berkeley Group in a research note on Friday, September 6th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of GBX 3,934.10 ($51.41).

Shares of LON:BKG opened at GBX 4,541 ($59.34) on Monday. The company has a market capitalization of $5.73 billion and a price-to-earnings ratio of 9.66. Berkeley Group has a 52 week low of GBX 3,170 ($41.42) and a 52 week high of GBX 4,620 ($60.37). The company has a quick ratio of 0.85, a current ratio of 2.83 and a debt-to-equity ratio of 10.12. The firm has a 50 day moving average of GBX 4,153.80 and a 200 day moving average of GBX 3,842.34.

In other news, insider Sean Ellis sold 31,295 shares of the business’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of GBX 3,897 ($50.92), for a total transaction of £1,219,566.15 ($1,593,579.18). Also, insider Veronica Wadley sold 1,500 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of GBX 3,951 ($51.63), for a total transaction of £59,265 ($77,440.22). Over the last ninety days, insiders have sold 1,334,597 shares of company stock worth $5,526,381,237.

About Berkeley Group

The Berkeley Group Holdings plc, together with its subsidiaries, engages in the residential-led and mixed-use property development activities in the United Kingdom. It operates under the Berkeley, St Edward, St George, St James, St Joseph, St William, Berkeley First, Berkeley Commercial, Berkeley Partnership, and Berkeley Modular brands.

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Analyst Recommendations for Berkeley Group (LON:BKG)

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