The Berkeley Group (LON:BKG) Stock Price Passes Below 200-Day Moving Average – Should You Sell?

The Berkeley Group Holdings plc (LON:BKGGet Free Report) shares 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.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on BKG shares. Royal Bank Of Canada raised their price objective 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. Citigroup decreased their target price on The Berkeley Group from £375.40 to £365 and set a “neutral” rating for the company in a research report on Friday, June 26th. Berenberg Bank reiterated a “hold” rating and set a GBX 4,000 price target on shares of The Berkeley Group in a report on Friday, June 26th. JPMorgan Chase & Co. dropped their price target on shares of 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. Finally, Jefferies Financial Group reduced their price objective on shares of The Berkeley Group from GBX 4,531 to GBX 4,517 and set a “buy” rating for the company in a research note on Tuesday, July 7th. Five research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 8,252.

View Our Latest Research Report on BKG

The Berkeley Group Trading Up 0.1%

The company has a market capitalization of £3.11 billion, a price-to-earnings ratio of 10.19, a P/E/G ratio of -0.87 and a beta of 1.19. The company has a 50-day moving average price of GBX 3,414.24 and a 200-day moving average price of GBX 3,650.79. 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:BKGGet Free Report) last posted its quarterly earnings data on Wednesday, June 24th. The company reported GBX 331.60 EPS for the quarter. The Berkeley Group had a return on equity of 8.79% and a net margin of 13.36%.The business had revenue of GBX 238.33 billion for the quarter.

Insider Transactions at The Berkeley Group

In other The Berkeley Group news, insider Robert C. G. Perrins purchased 7,000 shares of the company’s stock in a transaction on Thursday, April 30th. The shares were bought at an average cost of GBX 3,168 per share, with a total value of £221,760. 10.03% of the stock is owned by company insiders.

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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