The Berkeley Group (LON:BKG – Get Free Report) had its price target dropped by equities researchers at Jefferies Financial Group from GBX 4,531 to GBX 4,517 in a research report issued on Tuesday,London Stock Exchange reports. The firm presently has a “buy” rating on the stock. Jefferies Financial Group’s price target would suggest a potential upside of 33.48% from the company’s current price.
Other research analysts also recently issued research reports about the company. Berenberg Bank restated a “hold” rating and set a GBX 4,000 price target on shares of The Berkeley Group in a research note on Friday, June 26th. Citigroup decreased their price target on The Berkeley Group from £375.40 to £365 and set a “neutral” rating on the stock in a report on Friday, June 26th. JPMorgan Chase & Co. lowered 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. Royal Bank Of Canada increased their price target on The Berkeley Group from GBX 3,850 to GBX 4,100 and gave the company an “outperform” rating in a research note on Thursday, June 25th. Finally, Bank of America raised shares of The Berkeley Group to a “buy” rating and dropped their price objective for the stock from GBX 4,080 to GBX 4,020 in a research note 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 assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 8,252.
The Berkeley Group Stock Up 1.1%
The Berkeley Group (LON:BKG – Get Free Report) last posted its earnings results on Wednesday, June 24th. The company reported GBX 331.60 EPS for the quarter. The Berkeley Group had a net margin of 13.36% and a return on equity of 8.79%. The firm had revenue of GBX 238.33 billion for the quarter.
Insiders Place Their Bets
In other news, insider Robert C. G. Perrins bought 7,000 shares of the stock in a transaction that occurred on Thursday, April 30th. The stock was purchased at an average price of GBX 3,168 per share, for a total transaction of £221,760. Also, insider Rachel Downey bought 575 shares of the stock in a transaction dated Wednesday, April 15th. The stock was bought at an average price of GBX 3,449 per share, with a total value of £19,831.75. Over the last quarter, insiders purchased 14,575 shares of company stock valued at $46,874,175. 9.98% of the stock is currently owned by company insiders.
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.
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