The Berkeley Group Holdings plc (LON:BKG) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of The Berkeley Group Holdings plc (LON:BKG) have been assigned a consensus recommendation of “Moderate Buy” from the seven brokerages that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is GBX 4,190.

Several brokerages have weighed in on BKG. Royal Bank Of Canada raised shares of The Berkeley Group to a “sector perform” rating and set a GBX 3,900 price target on the stock in a report on Wednesday, April 1st. Jefferies Financial Group lowered their price target on shares of The Berkeley Group from GBX 4,598 to GBX 4,531 and set a “buy” rating on the stock in a report on Tuesday, May 5th. Berenberg Bank reduced their price objective on shares of The Berkeley Group from GBX 4,500 to GBX 4,000 and set a “buy” rating on the stock in a research report on Thursday, April 2nd. JPMorgan Chase & Co. reduced their price objective on shares of The Berkeley Group from GBX 5,000 to GBX 4,200 and set an “overweight” rating on the stock in a research report on Thursday, April 2nd. Finally, Bank of America upgraded shares of The Berkeley Group to a “buy” rating and reduced their price objective for the company from GBX 4,080 to GBX 4,020 in a research report on Monday, March 30th.

The Berkeley Group Price Performance

Shares of LON:BKG opened at GBX 3,278 on Tuesday. The company has a debt-to-equity ratio of 18.94, a current ratio of 3.54 and a quick ratio of 0.57. The Berkeley Group has a 1-year low of GBX 2,796 and a 1-year high of GBX 4,442. The company has a market capitalization of £3.03 billion, a P/E ratio of 8.92, a P/E/G ratio of -0.87 and a beta of 1.17. The firm’s 50 day simple moving average is GBX 3,427 and its two-hundred day simple moving average is GBX 3,796.93.

Insider Activity at The Berkeley Group

In related news, insider Robert C. G. Perrins acquired 7,000 shares of The Berkeley Group stock in a transaction dated Thursday, April 30th. The shares were purchased at an average price of GBX 3,168 per share, for a total transaction of £221,760. Also, insider Rachel Downey acquired 575 shares of The Berkeley Group stock in a transaction dated Wednesday, April 15th. The shares were bought at an average price of GBX 3,449 per share, for a total transaction of £19,831.75. In the last quarter, insiders have bought 14,575 shares of company stock worth $46,874,175. Company insiders own 8.11% 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.