Berkeley Group Holdings’s “Neutral” Rating Reaffirmed at Citigroup Inc. (BKG)
Berkeley Group Holdings (LON:BKG)‘s stock had its “neutral” rating reaffirmed by investment analysts at Citigroup Inc. in a note issued to investors on Tuesday, AmericanBankingNews.com reports. They currently have a GBX 2,445 ($40.10) price objective on the stock. Citigroup Inc.’s target price points to a potential downside of 10.34% from the company’s current price.
Berkeley Group Holdings (LON:BKG) opened at 2727.00 on Tuesday. Berkeley Group Holdings has a one year low of GBX 1775.00 and a one year high of GBX 2737.00. The stock’s 50-day moving average is GBX 2501.35 and its 200-day moving average is GBX 2289.. The company’s market cap is £3.572 billion.
The company also recently announced a dividend, which is scheduled for Friday, January 17th. Stockholders of record on Wednesday, December 18th will be paid a dividend of GBX 90 ($1.48) per share. This represents a dividend yield of 3.54%. The ex-dividend date is Wednesday, December 18th.
BKG has been the subject of a number of other recent research reports. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Berkeley Group Holdings in a research note to investors on Monday, December 16th. They now have a GBX 2,358 ($38.67) price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Berkeley Group Holdings in a research note to investors on Thursday, December 12th. They now have a GBX 2,800 ($45.92) price target on the stock. Finally, analysts at Beaufort Securities reiterated a “hold” rating on shares of Berkeley Group Holdings in a research note to investors on Monday, December 9th. Twelve research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 2,277.21 ($37.35).
The Berkeley Group Holdings plc is a holding company. The Company is engaged in residential-led property development focusing on urban regeneration and mixed-use developments.
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