The Berkeley Group (LON:BKG) Announces Quarterly Earnings Results

The Berkeley Group (LON:BKG) issued its quarterly earnings results on Wednesday. The company reported GBX 183.70 earnings per share (EPS) for the quarter, Digital Look Earnings reports. The Berkeley Group had a return on equity of 11.40% and a net margin of 16.13%.

The Berkeley Group Stock Up 2.2%

Shares of BKG opened at GBX 3,776 on Thursday. The company has a debt-to-equity ratio of 18.66, a current ratio of 3.39 and a quick ratio of 0.57. The stock has a market capitalization of £3.61 billion, a price-to-earnings ratio of 10.21, a price-to-earnings-growth ratio of -0.87 and a beta of 1.22. The Berkeley Group has a 1 year low of GBX 3,462 and a 1 year high of GBX 4,369.96. The business’s 50 day simple moving average is GBX 3,900.77 and its 200-day simple moving average is GBX 3,837.52.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on BKG shares. Royal Bank Of Canada lowered The Berkeley Group to an “underperform” rating and dropped their price objective for the stock from GBX 4,900 to GBX 3,700 in a research note on Tuesday, December 2nd. The Goldman Sachs Group started coverage on The Berkeley Group in a report on Monday, November 24th. They issued a “sell” rating and a GBX 3,714 price target on the stock. UBS Group restated 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. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 5,000 price objective on shares of The Berkeley Group in a research report on Monday, September 8th. Two investment analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of GBX 4,344.75.

Insiders Place Their Bets

In other The Berkeley Group news, insider Neil Eady purchased 1,325 shares of The Berkeley Group stock in a transaction that occurred on Monday, September 29th. The shares were bought at an average price of GBX 3,773 per share, for a total transaction of £49,992.25. Corporate insiders own 8.01% of the company’s stock.

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.