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

The Berkeley Group Holdings plc (LON:BKG) has been given a consensus rating of “Moderate Buy” by the eight research firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is GBX 8,252.

Several equities research analysts have weighed in on BKG shares. Citigroup lowered their price target on The Berkeley Group from £375.40 to £365 and set a “neutral” rating for the company in a report on Friday, June 26th. Bank of America upgraded shares of The Berkeley Group to a “buy” rating and lowered their target price for the stock from GBX 4,080 to GBX 4,020 in a research note on Monday, March 30th. Berenberg Bank reissued a “hold” rating and set a GBX 4,000 target price on shares of The Berkeley Group in a research report on Friday, June 26th. Jefferies Financial Group cut their price target on shares of The Berkeley Group from GBX 4,531 to GBX 4,517 and set a “buy” rating on the stock in a research note on Tuesday. Finally, JPMorgan Chase & Co. decreased their price target on shares of The Berkeley Group from GBX 5,000 to GBX 4,200 and set an “overweight” rating for the company in a report on Thursday, April 2nd.

Insider Buying and Selling at The Berkeley Group

In other news, insider Robert C. G. Perrins purchased 7,000 shares of the company’s stock in a transaction on Thursday, April 30th. The shares were acquired 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 business’s stock in a transaction dated Wednesday, April 15th. The stock was purchased at an average cost of GBX 3,449 per share, for a total transaction of £19,831.75. Over the last three months, insiders purchased 14,575 shares of company stock worth $46,874,175. 10.03% of the stock is owned by insiders.

The Berkeley Group Stock Performance

Shares of BKG opened at GBX 3,270 on Wednesday. The company has a current ratio of 3.58, a quick ratio of 0.57 and a debt-to-equity ratio of 18.24. The firm has a market cap of £3.02 billion, a PE ratio of 9.88, a P/E/G ratio of -0.87 and a beta of 1.19. The Berkeley Group has a 12 month low of GBX 2,796 and a 12 month high of GBX 4,442. The stock has a fifty day moving average price of GBX 3,392.85 and a 200-day moving average price of GBX 3,696.83.

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

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.