The Berkeley Group Holdings plc (LON:BKG) Stock Now Rated “Hold” by Sell-Side Analysts

The Berkeley Group Holdings plc (LON:BKG) has been given a consensus rating of “Hold” by the seven ratings firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is GBX 8,721.57.

BKG has been the topic of several recent research reports. Jefferies Financial Group restated a “buy” rating and issued a GBX 4,517 price objective on shares of The Berkeley Group in a research report on Wednesday, August 12th. Royal Bank Of Canada lifted their price objective on The Berkeley Group from GBX 3,850 to GBX 4,100 and gave the stock an “outperform” rating in a research report on Thursday, June 25th. Berenberg Bank reissued a “hold” rating and issued a GBX 4,000 target price on shares of The Berkeley Group in a research note on Friday, June 26th. Finally, Citigroup reduced their target price on shares of The Berkeley Group from £375.40 to £365 and set a “neutral” rating on the stock in a report on Friday, June 26th.

Insider Buying and Selling

In other news, insider Neil Eady bought 3,405 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The shares were purchased at an average price of GBX 3,515 per share, for a total transaction of £119,685.75. Also, insider Richard Stearn bought 1,128 shares of the stock in a transaction on Tuesday, August 11th. The stock was purchased at an average cost of GBX 3,526 per share, with a total value of £39,773.28. In the last three months, insiders bought 5,097 shares of company stock valued at $17,931,747. Company insiders own 8.42% of the company’s stock.

The Berkeley Group Trading Up 0.4%

Shares of The Berkeley Group stock opened at GBX 3,382 on Monday. The business has a 50 day moving average price of GBX 3,463.81 and a 200 day moving average price of GBX 3,433.30. The company has a market capitalization of £3.09 billion, a P/E ratio of 10.21, a P/E/G ratio of -0.87 and a beta of 1.19. The company has a debt-to-equity ratio of 18.24, a current ratio of 3.58 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 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.