The Berkeley Group Holdings plc (LON:BKG) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of The Berkeley Group Holdings plc (LON:BKG) have been assigned an average recommendation of “Moderate Buy” from the seven analysts that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is GBX 4,190.

BKG has been the subject of a number of recent research reports. Royal Bank Of Canada raised shares of The Berkeley Group to a “sector perform” rating and set a GBX 3,900 price objective for the company in a report on Wednesday, April 1st. Bank of America raised shares of The Berkeley Group to a “buy” rating and cut their price objective for the company from GBX 4,080 to GBX 4,020 in a report on Monday, March 30th. Berenberg Bank cut their price target on shares of The Berkeley Group from GBX 4,500 to GBX 4,000 and set a “buy” rating for the company in a report on Thursday, April 2nd. JPMorgan Chase & Co. cut their price target on shares of The Berkeley Group from GBX 5,000 to GBX 4,200 and set an “overweight” rating for the company in a report on Thursday, April 2nd. Finally, Jefferies Financial Group cut their price target on shares of The Berkeley Group from GBX 4,598 to GBX 4,531 and set a “buy” rating for the company in a report on Tuesday, May 5th.

The Berkeley Group Stock Performance

LON BKG opened at GBX 3,356 on Tuesday. The company has a quick ratio of 0.57, a current ratio of 3.54 and a debt-to-equity ratio of 18.94. The company has a market capitalization of £3.11 billion, a P/E ratio of 9.13, a P/E/G ratio of -0.87 and a beta of 1.17. The Berkeley Group has a 12-month low of GBX 2,796 and a 12-month high of GBX 4,442. The firm has a 50-day moving average price of GBX 3,380.04 and a two-hundred day moving average price of GBX 3,778.04.

Insider Buying and Selling

In other news, insider Rachel Downey purchased 575 shares of the business’s stock in a transaction dated Wednesday, April 15th. The stock was bought at an average price of GBX 3,449 per share, with a total value of £19,831.75. Also, insider Robert C. G. Perrins purchased 7,000 shares of the business’s stock in a transaction dated Thursday, April 30th. The shares were purchased at an average cost of GBX 3,168 per share, with a total value of £221,760. In the last ninety days, insiders have bought 14,575 shares of company stock valued at $46,874,175. 8.11% of the stock is currently owned by insiders.

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.