The Berkeley Group (LON:BKG – Get Free Report)‘s stock had its “buy” rating reiterated by Jefferies Financial Group in a research report issued to clients and investors on Friday, Digital Look reports. They presently have a GBX 4,301 target price on the stock. Jefferies Financial Group’s price objective would suggest a potential upside of 29.78% from the stock’s current price.
BKG has been the subject of a number of other research reports. Berenberg Bank restated 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. Royal Bank Of Canada upped 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. Finally, Citigroup dropped their price target on The Berkeley Group from £375.40 to £365 and set a “neutral” rating for the company in a report on Friday, June 26th. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, The Berkeley Group currently has a consensus rating of “Hold” and an average target price of GBX 8,690.71.
Read Our Latest Stock Analysis on BKG
The Berkeley Group Stock Down 0.4%
Shares of LON BKG opened at GBX 3,314 on Friday. 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 has a market cap of £3.01 billion, a price-to-earnings ratio of 10.01, a price-to-earnings-growth ratio of -0.87 and a beta of 1.18. The firm’s 50-day simple moving average is GBX 3,399.12 and its 200 day simple moving average is GBX 3,396.65. The Berkeley Group has a 12-month low of GBX 2,796 and a 12-month high of GBX 4,442.
Insider Activity
In other The Berkeley Group news, insider Neil Eady acquired 3,405 shares of the company’s stock in a transaction dated Tuesday, August 11th. The shares were bought at an average cost of GBX 3,515 per share, with a total value of £119,685.75. Also, insider Richard Stearn purchased 1,128 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were acquired at an average price of GBX 3,526 per share, for a total transaction of £39,773.28. Over the last three months, insiders bought 5,097 shares of company stock valued at $17,931,747. Corporate insiders own 8.42% of the company’s stock.
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.
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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