Jefferies Financial Group Cuts The Berkeley Group (LON:BKG) Price Target to GBX 4,301

The Berkeley Group (LON:BKG – Free Report) had its price target reduced by Jefferies Financial Group from GBX 4,517 to GBX 4,301 in a research report released on Monday, Marketbeat reports. Jefferies Financial Group currently has a buy rating on the stock.

Several other equities research analysts also recently issued reports on BKG. Citigroup cut their target price on shares of The Berkeley Group from £375.40 to £365 and set a “neutral” rating for the company in a research note on Friday, June 26th. Berenberg Bank reissued a “hold” rating and issued a GBX 4,000 target price on shares of The Berkeley Group in a research report on Friday, June 26th. Finally, Royal Bank Of Canada increased their price target on The Berkeley Group from GBX 3,850 to GBX 4,100 and gave the stock an “outperform” rating in a research report on Thursday, June 25th. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of GBX 8,690.71.

Get Our Latest Analysis on The Berkeley Group

The Berkeley Group Stock Performance

BKG opened at GBX 3,348 on Monday. The Berkeley Group has a 52-week low of GBX 2,796 and a 52-week high of GBX 4,442. The firm has a market capitalization of £3.06 billion, a PE ratio of 10.11, a PEG ratio of -0.87 and a beta of 1.19. The company has a debt-to-equity ratio of 18.24, a quick ratio of 0.57 and a current ratio of 3.58. The business’s 50-day simple moving average is GBX 3,463.64 and its 200 day simple moving average is GBX 3,422.67.

Insider Buying and Selling

In other news, insider Neil Eady acquired 3,405 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The stock was bought at an average cost of GBX 3,515 per share, for a total transaction of £119,685.75. Also, insider Richard Stearn purchased 1,128 shares of the firm’s stock in a transaction on Tuesday, August 11th. The shares were acquired at an average price of GBX 3,526 per share, with a total value of £39,773.28. Insiders bought a total of 5,097 shares of company stock worth $17,931,747 in the last 90 days. Corporate insiders own 8.42% of the company’s stock.

About The Berkeley Group

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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.

Further Reading

Analyst Recommendations for The Berkeley Group (LON:BKG)

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