The Berkeley Group (LON:BKG) Earns Buy Rating from 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, Digital Look reports. They presently have a GBX 4,301 target price on the stock. Jefferies Financial Group’s target price would suggest a potential upside of 29.31% from the stock’s current price.

Other analysts have also issued research reports about the company. Royal Bank Of Canada upped their target price on The Berkeley Group from GBX 3,850 to GBX 4,100 and gave the stock an “outperform” rating in a report on Thursday, June 25th. Berenberg Bank restated a “hold” rating and issued a GBX 4,000 price target on shares of The Berkeley Group in a research note on Friday, June 26th. Finally, Citigroup decreased 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 note on Friday, June 26th. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, The Berkeley Group presently has a consensus rating of “Hold” and an average target price of GBX 8,690.71.

The Berkeley Group Stock Down 0.5%

Shares of The Berkeley Group stock traded down GBX 16 during trading hours on Friday, reaching GBX 3,326. 178,717 shares of the company’s stock were exchanged, compared to its average volume of 3,076,237. The company has a 50 day moving average of GBX 3,393.44 and a two-hundred day moving average of GBX 3,395.71. The Berkeley Group has a fifty-two week low of GBX 2,796 and a fifty-two week high of GBX 4,442. The company has a current ratio of 3.58, a quick ratio of 0.57 and a debt-to-equity ratio of 18.24. The stock has a market cap of £3.02 billion, a P/E ratio of 10.05, a P/E/G ratio of -0.87 and a beta of 1.18.

Insider Buying and Selling

In other The Berkeley Group news, insider Richard Stearn purchased 1,128 shares of the company’s stock in a transaction that occurred 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 purchased 3,405 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were acquired at an average cost of GBX 3,515 per share, with a total value of £119,685.75. Insiders have purchased a total of 5,097 shares of company stock worth $17,931,747 over the last three months. 8.42% of the stock is owned by insiders.

About The Berkeley Group

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.