The Berkeley Group (LON:BKG) Given “Buy” Rating at Berenberg Bank

The Berkeley Group (LON:BKG)‘s stock had its “buy” rating reaffirmed by stock analysts at Berenberg Bank in a report issued on Monday, Marketbeat reports. They currently have a GBX 5,000 target price on the stock. Berenberg Bank’s price target would indicate a potential upside of 36.54% from the company’s previous close.

A number of other brokerages also recently issued reports on BKG. Royal Bank Of Canada raised The Berkeley Group to an “outperform” rating and boosted their price target for the company from GBX 4,550 to GBX 4,900 in a report on Wednesday, July 9th. UBS Group reaffirmed a “buy” rating and issued a GBX 4,965 price target on shares of The Berkeley Group in a research note on Friday, August 15th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, The Berkeley Group has an average rating of “Moderate Buy” and an average price target of GBX 4,891.25.

The Berkeley Group Stock Performance

Shares of The Berkeley Group stock opened at GBX 3,662 on Monday. The stock’s fifty day moving average price is GBX 3,678.68 and its 200-day moving average price is GBX 3,837.15. The Berkeley Group has a 12 month low of GBX 3,462 and a 12 month high of GBX 5,022. The company has a current ratio of 3.39, a quick ratio of 0.57 and a debt-to-equity ratio of 18.66. The firm has a market cap of £3.50 billion, a P/E ratio of 989.73, a P/E/G ratio of -0.87 and a beta of 1.22.

Insider Buying and Selling

In other news, insider Robert C. G. Perrins bought 2,816 shares of the firm’s stock in a transaction on Tuesday, July 15th. The shares were bought at an average cost of GBX 3,550 per share, for a total transaction of £99,968. Also, insider Richard Stearn purchased 7,000 shares of the business’s stock in a transaction dated Monday, June 23rd. The stock was bought at an average cost of GBX 3,867 per share, with a total value of £270,690. Over the last 90 days, insiders purchased 25,616 shares of company stock worth $97,062,600. Company insiders own 7.86% 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.