The Berkeley Group Holdings plc (LON:BKG) Receives Consensus Rating of “Moderate Buy” from Analysts

The Berkeley Group Holdings plc (LON:BKG) has earned an average rating of “Moderate Buy” from the seven ratings firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is GBX 4,190.

BKG has been the subject of several recent research reports. Bank of America upgraded The Berkeley Group to a “buy” rating and reduced their price target for the company from GBX 4,080 to GBX 4,020 in a research note on Monday, March 30th. JPMorgan Chase & Co. reduced 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 research note on Thursday, April 2nd. Royal Bank Of Canada raised 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. Jefferies Financial Group dropped their price objective on 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. Finally, Berenberg Bank dropped their price objective on 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.

The Berkeley Group Stock Performance

BKG opened at GBX 3,522 on Friday. The business has a fifty day simple moving average of GBX 3,372.57 and a 200 day simple moving average of GBX 3,714.66. The company has a market capitalization of £3.26 billion, a PE ratio of 9.58, a price-to-earnings-growth ratio of -0.87 and a beta of 1.19. 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 18.94, a current ratio of 3.54 and a quick ratio of 0.57.

Insider Buying and Selling at The Berkeley Group

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

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.