Insider Buying: The Berkeley Group (LON:BKG) Insider Purchases 3,405 Shares

The Berkeley Group Holdings plc (LON:BKG) insider Neil Eady purchased 3,405 shares of the stock in a transaction that occurred 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.

The Berkeley Group Stock Up 0.6%

BKG stock traded up GBX 22 during midday trading on Tuesday, reaching GBX 3,556. 140,204 shares of the company were exchanged, compared to its average volume of 3,447,910. The stock’s 50-day simple moving average is GBX 3,458.86 and its 200 day simple moving average is GBX 3,613.36. The Berkeley Group Holdings plc 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 quick ratio of 0.57 and a current ratio of 3.58. The company has a market cap of £3.26 billion, a price-to-earnings ratio of 10.74, a price-to-earnings-growth ratio of -0.87 and a beta of 1.18.

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

Analysts Set New Price Targets

A number of research firms recently issued reports on BKG. Citigroup dropped their price target 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. Berenberg Bank reiterated a “hold” rating and issued a GBX 4,000 price target on shares of The Berkeley Group in a research report on Friday, June 26th. Royal Bank Of Canada lifted their target price on shares of The Berkeley Group from GBX 3,850 to GBX 4,100 and gave the company an “outperform” rating in a report on Thursday, June 25th. Finally, Jefferies Financial Group reduced their price objective on The Berkeley Group from GBX 4,531 to GBX 4,517 and set a “buy” rating on the stock in a research note on Tuesday, July 7th. Five research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 8,252.

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.