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

Jefferies Financial Group reissued their buy rating on shares of The Berkeley Group (LON:BKG) in a report released on Wednesday morning,Digital Look reports. The firm currently has a GBX 4,517 price target on the stock.

BKG has been the subject of several other reports. Berenberg Bank reiterated a “hold” rating and set a GBX 4,000 price objective on shares of The Berkeley Group in a research note on Friday, June 26th. Citigroup reduced their target price on shares of 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, Royal Bank Of Canada upped their target price on shares of 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. Four analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, The Berkeley Group presently has an average rating of “Hold” and an average price target of GBX 8,721.57.

The Berkeley Group Trading Down 0.7%

Shares of BKG opened at GBX 3,622 on Wednesday. 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 current ratio of 3.58, a quick ratio of 0.57 and a debt-to-equity ratio of 18.24. The stock has a 50 day simple moving average of GBX 3,471.26 and a 200-day simple moving average of GBX 3,604.28. The stock has a market cap of £3.32 billion, a PE ratio of 10.94, a PEG 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 return on equity of 8.79% and a net margin of 13.36%.The business had revenue of GBX 238.33 billion for the quarter.

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 purchased 1,128 shares of The Berkeley Group stock in a transaction that occurred on Tuesday, August 11th. The shares were bought at an average price of GBX 3,526 per share, for a total transaction of £39,773.28. In the last quarter, insiders acquired 5,097 shares of company stock valued at $17,931,747. Corporate insiders own 10.09% 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.