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

The Berkeley Group Holdings plc (LON:BKG) has been given an average rating of “Moderate Buy” by the seven brokerages that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is GBX 4,190.

Several research firms have issued reports on BKG. JPMorgan Chase & Co. lowered their target price 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 note on Thursday, April 2nd. Jefferies Financial Group decreased 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. 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. Berenberg Bank decreased their price target on shares of The Berkeley Group from GBX 4,500 to GBX 4,000 and set a “buy” rating on the stock in a report on Thursday, April 2nd. Finally, Bank of America raised shares of The Berkeley Group to a “buy” rating and decreased their price target for the stock from GBX 4,080 to GBX 4,020 in a report on Monday, March 30th.

The Berkeley Group Stock Performance

LON BKG opened at GBX 3,408 on Friday. 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 debt-to-equity ratio of 18.94, a current ratio of 3.54 and a quick ratio of 0.57. The stock has a market capitalization of £3.15 billion, a PE ratio of 9.27, a P/E/G ratio of -0.87 and a beta of 1.19. The company’s 50 day simple moving average is GBX 3,344.69 and its two-hundred day simple moving average is GBX 3,723.91.

Insiders Place Their Bets

In related news, insider Robert C. G. Perrins purchased 7,000 shares of the firm’s stock in a transaction dated Thursday, April 30th. The shares were purchased at an average price of GBX 3,168 per share, with a total value of £221,760. Also, insider Rachel Downey purchased 575 shares of the firm’s stock in a transaction dated Wednesday, April 15th. The stock was bought at an average cost of GBX 3,449 per share, for a total transaction of £19,831.75. Insiders bought a total of 14,575 shares of company stock worth $46,874,175 in the last three months. Insiders own 9.98% of the company’s stock.

About The Berkeley Group

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.