The Berkeley Group (LON:BKG) Price Target Lowered to GBX 4,517 at Jefferies Financial Group

The Berkeley Group (LON:BKG) had its target price cut by stock analysts at Jefferies Financial Group from GBX 4,531 to GBX 4,517 in a research note issued on Tuesday,London Stock Exchange reports. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s price objective indicates a potential upside of 33.48% from the company’s current price.

A number of other equities analysts have also recently weighed in on the company. JPMorgan Chase & Co. decreased their price target on 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. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 4,000 target price on shares of The Berkeley Group in a research report on Friday, June 26th. Royal Bank Of Canada increased their price target on The Berkeley Group from GBX 3,850 to GBX 4,100 and gave the stock an “outperform” rating in a research note on Thursday, June 25th. Bank of America raised The Berkeley Group to a “buy” rating and decreased their target price for the company from GBX 4,080 to GBX 4,020 in a research note on Monday, March 30th. Finally, Citigroup reduced their price objective on The Berkeley Group from £375.40 to £365 and set a “neutral” rating for the company in a research note on Friday, June 26th. Five investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 8,252.

The Berkeley Group Price Performance

The Berkeley Group stock traded up GBX 38 during mid-day trading on Tuesday, reaching GBX 3,384. The company had a trading volume of 168,359 shares, compared to its average volume of 4,068,597. The Berkeley Group has a 1 year low of GBX 2,796 and a 1 year high of GBX 4,442. The company has a debt-to-equity ratio of 18.24, a current ratio of 3.58 and a quick ratio of 0.57. The company has a market capitalization of £3.13 billion, a P/E ratio of 10.22, a P/E/G ratio of -0.87 and a beta of 1.19. The stock’s 50-day simple moving average is GBX 3,390.85 and its 200-day simple moving average is GBX 3,700.79.

The Berkeley Group (LON:BKG) last posted its earnings results on Wednesday, June 24th. The company reported GBX 331.60 EPS for the quarter. The Berkeley Group had a return on equity of 8.79% and a net margin of 13.36%.The company had revenue of GBX 238.33 billion for the quarter.

Insider Transactions at The Berkeley Group

In related news, insider Robert C. G. Perrins purchased 7,000 shares of the firm’s stock in a transaction dated Thursday, April 30th. The stock was bought at an average price of GBX 3,168 per share, for a total transaction of £221,760. Also, insider Rachel Downey acquired 575 shares of the stock in a transaction dated Wednesday, April 15th. The shares were bought at an average cost of GBX 3,449 per share, for a total transaction of £19,831.75. Insiders acquired 14,575 shares of company stock valued at $46,874,175 in the last ninety days. Insiders own 9.98% 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.

We specialise in brownfield regeneration, working closely with local communities and councils to revive underused land and create homes where they are needed most.