Brokerages Set The Berkeley Group Holdings plc (LON:BKG) PT at GBX 8,721.57

Shares of The Berkeley Group Holdings plc (LON:BKGGet Free Report) have received an average recommendation of “Hold” from the seven brokerages that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is GBX 8,721.57.

A number of research analysts recently commented on BKG shares. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 4,517 price target on shares of The Berkeley Group in a research note on Wednesday, August 12th. Citigroup cut their price objective on shares of 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 reaffirmed 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 lifted their price target on The Berkeley Group from GBX 3,850 to GBX 4,100 and gave the stock an “outperform” rating in a report on Thursday, June 25th.

Read Our Latest Stock Report on The Berkeley Group

Insiders Place Their Bets

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

The Berkeley Group Trading Down 0.9%

BKG stock opened at GBX 3,356 on Monday. The Berkeley Group has a one year low of GBX 2,796 and a one year high of GBX 4,442. The stock has a market cap of £3.06 billion, a price-to-earnings ratio of 10.14, a price-to-earnings-growth ratio of -0.87 and a beta of 1.19. The company has a fifty day moving average price of GBX 3,466.37 and a two-hundred day moving average price of GBX 3,440.83. The company has a debt-to-equity ratio of 18.24, a current ratio of 3.58 and a quick ratio of 0.57.

The Berkeley Group (LON:BKGGet Free Report) last posted its earnings results on Wednesday, June 24th. The company reported GBX 331.60 earnings per share (EPS) for the quarter. The company had revenue of GBX 238.33 billion during the quarter. The Berkeley Group had a net margin of 13.36% and a return on equity of 8.79%.

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.

See Also

Analyst Recommendations for The Berkeley Group (LON:BKG)

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