The Berkeley Group (LON:BKG – Get Free Report)‘s stock had its “buy” rating restated by Jefferies Financial Group in a research note issued on Friday, Digital Look reports. They currently have a GBX 4,301 target price on the stock. Jefferies Financial Group’s price objective would suggest a potential upside of 29.24% from the company’s previous close.
Other equities research analysts have also issued research reports about the stock. Royal Bank Of Canada lifted their price objective on shares of The Berkeley Group from GBX 3,850 to GBX 4,100 and gave the company an “outperform” rating in a report on Thursday, June 25th. Berenberg Bank reissued a “hold” rating and issued a GBX 4,000 price objective on shares of The Berkeley Group in a research report on Friday, June 26th. Finally, Citigroup dropped their target price on shares of The Berkeley Group from £375.40 to £365 and set a “neutral” rating on the stock in a research note on Friday, June 26th. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of GBX 8,690.71.
Check Out Our Latest Analysis on The Berkeley Group
The Berkeley Group Stock Performance
BKG stock remained flat at GBX 3,328 during midday trading on Friday. The company’s stock had a trading volume of 253,380 shares, compared to its average volume of 3,091,191. 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 company’s 50-day moving average price is GBX 3,399.12 and its two-hundred day moving average price is GBX 3,396.65. The Berkeley Group has a twelve month low of GBX 2,796 and a twelve month high of GBX 4,442. The stock has a market cap of £3.02 billion, a price-to-earnings ratio of 10.05, a price-to-earnings-growth ratio of -0.87 and a beta of 1.18.
Insiders Place Their Bets
In related news, insider Richard Stearn bought 1,128 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The shares were purchased at an average cost of GBX 3,526 per share, with a total value of £39,773.28. Also, insider Neil Eady purchased 3,405 shares of The Berkeley Group stock in a transaction that occurred on Tuesday, August 11th. The shares were bought at an average price of GBX 3,515 per share, with a total value of £119,685.75. In the last 90 days, insiders have acquired 5,097 shares of company stock valued at $17,931,747. 8.42% of the stock is 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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