JPMorgan Chase & Co. Reaffirms Neutral Rating for The Berkeley Group (LON:BKG)

JPMorgan Chase & Co. reaffirmed their neutral rating on shares of The Berkeley Group (LON:BKGFree Report) in a research report sent to investors on Wednesday morning, Marketbeat Ratings reports. They currently have a GBX 5,000 ($64.92) target price on the stock.

The Berkeley Group Price Performance

BKG stock opened at GBX 4,688 ($60.87) on Wednesday. The Berkeley Group has a one year low of GBX 4,106.25 ($53.31) and a one year high of GBX 5,588.54 ($72.56). The company’s fifty day moving average price is GBX 4,934.75 and its 200-day moving average price is GBX 4,920.73. The company has a debt-to-equity ratio of 18.66, a quick ratio of 0.57 and a current ratio of 3.39. The company has a market capitalization of £4.79 billion, a PE ratio of 1,225.97, a price-to-earnings-growth ratio of -0.87 and a beta of 1.22.

Insider Buying and Selling

In related news, insider Richard Stearn sold 3,105 shares of the business’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of GBX 4,720 ($61.28), for a total value of £146,556 ($190,283.04). In other The Berkeley Group news, insider Robert C. G. Perrins sold 200,000 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of GBX 5,248 ($68.14), for a total transaction of £10,496,000 ($13,627,629.19). Also, insider Richard Stearn sold 3,105 shares of the business’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of GBX 4,720 ($61.28), for a total transaction of £146,556 ($190,283.04). 4.84% of the stock is currently owned by company insiders.

The Berkeley Group Company Profile

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The Berkeley Group Holdings plc, together with its subsidiaries, engages in the residential-led and mixed-use property development and ancillary activities in the United Kingdom. The company is also involved in land selling activities. It operates under the Berkeley, St Edward, St George, St James, St Joseph, and St William brand names.

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