The Berkeley Group (LON:BKG) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Shares of The Berkeley Group Holdings plc (LON:BKGGet Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 3,901.49 and traded as high as GBX 4,086. The Berkeley Group shares last traded at GBX 3,964, with a volume of 366,313 shares changing hands.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on BKG shares. Berenberg Bank reissued a “buy” rating and issued a GBX 5,000 price target on shares of The Berkeley Group in a report on Monday, September 8th. UBS Group reaffirmed a “buy” rating and set a GBX 4,965 target price on shares of The Berkeley Group in a report on Friday, August 15th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of GBX 4,891.25.

Check Out Our Latest Stock Analysis on The Berkeley Group

The Berkeley Group Stock Down 0.8%

The company has a market cap of £3.76 billion, a PE ratio of 10.63, a P/E/G ratio of -0.87 and a beta of 1.22. The business has a 50-day simple moving average of GBX 3,882.70 and a 200-day simple moving average of GBX 3,901.49. The company has a quick ratio of 0.57, a current ratio of 3.39 and a debt-to-equity ratio of 18.66.

Insider Buying and Selling

In related news, insider Neil Eady purchased 1,325 shares of the business’s stock in a transaction that occurred on Monday, September 29th. The stock was bought at an average price of GBX 3,773 per share, with a total value of £49,992.25. Insiders own 8.01% of the company’s stock.

The Berkeley Group Company Profile

(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.

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