Berkeley Group Holdings Stock Rating Lowered by Barclays (BKG)
Berkeley Group Holdings (LON:BKG) was downgraded by investment analysts at Barclays to an “underweight” rating in a note issued to investors on Tuesday, AnalystRatingsNetwork reports. They currently have a GBX 2,561.50 ($42.10) price objective on the stock, up from their previous price objective of GBX 2,454.70 ($40.34). Barclays’ price objective points to a potential upside of 3.12% from the stock’s previous close.
Berkeley Group Holdings (LON:BKG) traded down 2.39% on Tuesday, hitting GBX 2486.00. The stock had a trading volume of 316,249 shares. Berkeley Group Holdings has a 52-week low of GBX 1782.297 and a 52-week high of GBX 2739.00. The stock’s 50-day moving average is GBX 2587. and its 200-day moving average is GBX 2333.34. The company’s market cap is £3.257 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Berkeley Group Holdings in a research note to investors on Friday. They now have a GBX 2,587 ($42.51) price target on the stock. Separately, analysts at Jefferies Group raised their price target on shares of Berkeley Group Holdings from GBX 2,459 ($40.41) to GBX 2,477 ($40.71) in a research note to investors on Friday. They now have a “hold” rating on the stock. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 2,292.26 ($37.67).
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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