The Berkeley Group (LON:BKG) Stock Crosses Above 200-Day Moving Average – Time to Sell?

The Berkeley Group Holdings plc (LON:BKG) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 3,893.95 and traded as high as GBX 4,174. The Berkeley Group shares last traded at GBX 4,100, with a volume of 11,473,678 shares.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. UBS Group reaffirmed a “buy” rating and issued a GBX 4,965 price target on shares of The Berkeley Group in a report on Friday, August 15th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 5,000 price target on shares of The Berkeley Group in a report on Monday, September 8th. Finally, Royal Bank Of Canada raised shares of The Berkeley Group to an “outperform” rating and lifted their price target for the stock from GBX 4,550 to GBX 4,900 in a report on Wednesday, July 9th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, The Berkeley Group has an average rating of “Moderate Buy” and a consensus target price of GBX 4,891.25.

The Berkeley Group Stock Down 1.1%

The stock has a market capitalization of £3.87 billion, a PE ratio of 10.94, a price-to-earnings-growth ratio of -0.87 and a beta of 1.22. The company has a debt-to-equity ratio of 18.66, a current ratio of 3.39 and a quick ratio of 0.57. The business’s fifty day moving average price is GBX 3,800.77 and its two-hundred day moving average price is GBX 3,893.95.

Insider Buying and Selling at The Berkeley Group

In related news, insider Neil Eady acquired 1,325 shares of the company’s stock in a transaction dated Monday, September 29th. The shares were purchased at an average cost of GBX 3,773 per share, with a total value of £49,992.25. 7.86% of the stock is owned by company insiders.

The Berkeley Group Company Profile

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.