The Berkeley Group’s (BKG) Buy Rating Reiterated at Jefferies Financial Group

The Berkeley Group (LON:BKG)‘s stock had its “buy” rating reissued by Jefferies Financial Group in a research report issued to clients and investors on Friday, Digital Look reports. They currently have a GBX 4,301 price objective on the stock. Jefferies Financial Group’s price target suggests a potential upside of 28.70% from the stock’s current price.

Other analysts also recently issued research reports about the stock. Citigroup dropped their target price on shares of The Berkeley Group from £375.40 to £365 and set a “neutral” rating for the company in a research report on Friday, June 26th. Royal Bank Of Canada increased their price objective on shares of The Berkeley Group from GBX 3,850 to GBX 4,100 and gave the stock an “outperform” rating in a research report on Thursday, June 25th. Finally, Berenberg Bank reissued a “hold” rating and issued a GBX 4,000 target price on shares of The Berkeley Group in a research note on Friday, June 26th. Four research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, The Berkeley Group currently has an average rating of “Hold” and a consensus target price of GBX 8,690.71.

The Berkeley Group Trading Up 0.4%

Shares of BKG traded up GBX 14 during mid-day trading on Friday, reaching GBX 3,342. The company had a trading volume of 145,087 shares, compared to its average volume of 3,090,653. The Berkeley Group has a fifty-two week low of GBX 2,796 and a fifty-two week high of GBX 4,442. The firm has a fifty day simple moving average of GBX 3,399.12 and a 200-day simple moving average of GBX 3,396.65. The stock has a market cap of £3.04 billion, a price-to-earnings ratio of 10.09, a price-to-earnings-growth ratio of -0.87 and a beta of 1.18. The company has a current ratio of 3.58, a quick ratio of 0.57 and a debt-to-equity ratio of 18.24.

Insider Buying and Selling at The Berkeley Group

In other The Berkeley Group news, insider Neil Eady bought 3,405 shares of the stock in a transaction dated Tuesday, August 11th. The stock was bought at an average cost of GBX 3,515 per share, for a total transaction of £119,685.75. Also, insider Richard Stearn bought 1,128 shares of the stock in a transaction dated Tuesday, August 11th. The shares were acquired at an average price of GBX 3,526 per share, with a total value of £39,773.28. Insiders have purchased a total of 5,097 shares of company stock worth $17,931,747 in the last ninety days. 8.42% 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.