The Berkeley Group (LON:BKG) Hits New 52-Week High at $5,175.00

Shares of The Berkeley Group Holdings plc (LON:BKG) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 5,175 ($65.01) and last traded at GBX 5,165 ($64.89), with a volume of 584852 shares trading hands. The stock had previously closed at GBX 5,115 ($64.26).

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on BKG. Royal Bank of Canada lowered The Berkeley Group to an “underperform” rating and set a GBX 4,950 ($62.19) target price for the company. in a report on Friday, April 12th. JPMorgan Chase & Co. cut The Berkeley Group to a “neutral” rating in a research note on Friday, April 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, The Berkeley Group presently has an average rating of “Hold” and an average price target of GBX 4,614.86 ($57.98).

The Berkeley Group Stock Performance

The business has a 50-day moving average price of GBX 4,691.18 and a 200-day moving average price of GBX 4,643.71. The company has a quick ratio of 0.57, a current ratio of 3.57 and a debt-to-equity ratio of 19.49. The firm has a market capitalization of £5.45 billion, a price-to-earnings ratio of 1,226.84, a P/E/G ratio of -0.87 and a beta of 1.19.

The Berkeley Group Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 7th were paid a GBX 33 ($0.41) dividend. This represents a dividend yield of 0.72%. The ex-dividend date of this dividend was Thursday, March 7th. The Berkeley Group’s payout ratio is 2,185.27%.

Insider Buying and Selling

In other The Berkeley Group news, insider Sarah Sands purchased 319 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The shares were bought at an average price of GBX 4,698 ($59.02) per share, for a total transaction of £14,986.62 ($18,827.41). Corporate insiders own 4.52% of the company’s stock.

The Berkeley Group Company Profile

The Berkeley Group Holdings plc, together with its subsidiaries, engages in the residential-led and mixed-use property development and ancillary activities in the United Kingdom. The company is involved in land selling activities. It operates under the Berkeley, St Edward, St George, St James, St Joseph, and St William brand names.