The Berkeley Group (LON:BKG) Given Buy Rating at Jefferies Financial Group

The Berkeley Group (LON:BKG)‘s stock had its “buy” rating reissued by stock analysts at Jefferies Financial Group in a research note issued to investors on Friday, October 16th, Digital Look reports. They currently have a GBX 4,301 target price on the stock. Jefferies Financial Group‘s target price suggests a potential upside of 22.47% from the company’s previous close.

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

The Berkeley Group Price Performance

Shares of BKG stock traded up GBX 36 on Friday, reaching GBX 3,512. The company had a trading volume of 10,017,474 shares, compared to its average volume of 3,068,300. The stock has a market capitalization of £3.19 billion, a PE ratio of 10.61, a price-to-earnings-growth ratio of -0.87 and a beta of 1.18. The company has a quick ratio of 0.57, a current ratio of 3.58 and a debt-to-equity ratio of 18.24. The business’s 50-day moving average is GBX 3,381.48 and its 200 day moving average is GBX 3,401.16. The Berkeley Group has a one year low of GBX 2,796 and a one year high of GBX 4,442.

Insider Buying and Selling

In related news, insider Richard Stearn purchased 1,128 shares of the firm’s stock in a transaction on Tuesday, August 11th. The shares were acquired at an average price of GBX 3,526 per share, for a total transaction of £39,773.28. Also, insider Neil Eady acquired 3,405 shares of the company’s stock in a transaction on Tuesday, August 11th. The stock was acquired at an average cost of GBX 3,515 per share, with a total value of £119,685.75. Over the last quarter, insiders acquired 5,097 shares of company stock valued at $17,931,747. Company insiders own 8.42% 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.