Berkeley Group (LON:BKG) Given Hold Rating at Shore Capital

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Berkeley Group (LON:BKG)‘s stock had its “hold” rating restated by equities researchers at Shore Capital in a research report issued to clients and investors on Friday, ThisIsMoney.Co.Uk reports.

Other analysts have also issued reports about the stock. Goldman Sachs Group lowered shares of Berkeley Group to a “sell” rating and cut their target price for the stock from GBX 3,953 ($51.65) to GBX 3,860 ($50.44) in a research note on Friday, November 15th. Deutsche Bank started coverage on shares of Berkeley Group in a report on Wednesday, September 4th. They set a “sell” rating and a GBX 3,428 ($44.79) price target for the company. UBS Group reissued a “buy” rating and issued a GBX 5,100 ($66.64) price objective (up from GBX 4,800 ($62.72)) on shares of Berkeley Group in a research report on Friday, November 29th. Peel Hunt restated an “add” rating on shares of Berkeley Group in a report on Friday. Finally, HSBC cut shares of Berkeley Group to a “hold” rating in a research report on Friday, November 22nd. Six analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of GBX 3,991 ($52.15).

Shares of Berkeley Group stock opened at GBX 4,562 ($59.61) on Friday. Berkeley Group has a one year low of GBX 3,170 ($41.42) and a one year high of GBX 4,698 ($61.39). The company has a market cap of $5.73 billion and a PE ratio of 9.71. The company has a debt-to-equity ratio of 10.12, a quick ratio of 0.85 and a current ratio of 2.83. The business has a 50-day simple moving average of GBX 4,508.74 and a 200-day simple moving average of GBX 3,999.81.

In related news, insider Robert C. G. Perrins sold 300,000 shares of Berkeley Group stock in a transaction on Monday, September 9th. The shares were sold at an average price of GBX 3,970 ($51.88), for a total transaction of £11,910,000 ($15,562,524.50). Also, insider Glyn Barker sold 1,802 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of GBX 4,161 ($54.37), for a total transaction of £74,981.22 ($97,976.24). Insiders sold 1,301,802 shares of company stock worth $5,398,498,122 over the last quarter.

About Berkeley Group

The Berkeley Group Holdings plc, together with its subsidiaries, engages in the residential-led and mixed-use property development activities in the United Kingdom. It operates under the Berkeley, St Edward, St George, St James, St Joseph, St William, Berkeley First, Berkeley Commercial, Berkeley Partnership, and Berkeley Modular brands.

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