Berkeley Group Holdings PLC (LON:BKG) had its price target upped by equities research analysts at Credit Suisse Group from GBX 2,162 ($27.92) to GBX 2,985 ($38.55) in a report released on Monday. The brokerage presently has an “underperform” rating on the stock. Credit Suisse Group’s price objective would suggest a potential downside of 16.46% from the stock’s current price.
Other equities research analysts have also recently issued reports about the stock. Liberum Capital reiterated a “hold” rating and issued a GBX 3,169 ($40.93) price target on shares of Berkeley Group Holdings PLC in a research report on Wednesday, June 21st. Shore Capital restated a “hold” rating on shares of Berkeley Group Holdings PLC in a report on Wednesday, June 21st. J P Morgan Chase & Co restated an “overweight” rating and set a GBX 3,600 ($46.49) price objective on shares of Berkeley Group Holdings PLC in a report on Thursday, June 22nd. Barclays PLC boosted their price objective on Berkeley Group Holdings PLC from GBX 3,175 ($41.00) to GBX 3,628 ($46.86) and gave the stock an “equal weight” rating in a report on Thursday, July 13th. Finally, Deutsche Bank AG boosted their price objective on Berkeley Group Holdings PLC from GBX 3,746 ($48.38) to GBX 3,908 ($50.47) and gave the stock a “buy” rating in a report on Thursday, August 17th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of GBX 3,624 ($46.80).
Berkeley Group Holdings PLC (LON:BKG) opened at 3548.00 on Monday. The stock’s market capitalization is GBX 4.87 billion. The firm’s 50-day moving average is GBX 3,607.95 and its 200 day moving average is GBX 3,302.45. Berkeley Group Holdings PLC has a 12-month low of GBX 2,286.00 and a 12-month high of GBX 3,765.00.
Berkeley Group Holdings PLC (LON:BKG) last issued its quarterly earnings results on Wednesday, June 21st. The company reported $4.51 EPS for the quarter, topping the consensus estimate of $4.33 by $0.18. Berkeley Group Holdings PLC had a net margin of 25.54% and a return on equity of 32.51%. Equities research analysts anticipate that Berkeley Group Holdings PLC will post $418.95 earnings per share for the current year.
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In related news, insider Robert C. G. Perrins sold 500,000 shares of the business’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of GBX 3,575 ($46.17), for a total value of £17,875,000 ($23,085,367.43). Also, insider Glyn Barker sold 900 shares of the business’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of GBX 3,576 ($46.18), for a total value of £32,184 ($41,565.28).
Berkeley Group Holdings PLC Company Profile
The Berkeley Group Holdings plc is a holding company. The Company, along with its subsidiaries, is engaged in residential-led, mixed-use property development. Its segments include Residential-led mixed-use development and Other activities. Its brands include Berkeley, which creates medium to large-scale developments in towns, cities and the countryside, encompassing executive homes, mixed use schemes, riverside apartments, refurbished historic buildings and urban loft spaces; St George, which is involved in mixed use sustainable regeneration in London; St James, which handles projects that embrace private residential development, commercial property, recreational and community facilities; St Edward, which offers residentially led developments, and St William.
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