Berkeley Group Holdings Stock Rating Reaffirmed by Deutsche Bank (BKG)
Berkeley Group Holdings (LON:BKG)‘s stock had its “hold” rating restated by analysts at Deutsche Bank in a research report issued to clients and investors on Monday, AR Network reports. They currently have a GBX 2,587 ($42.44) target price on the stock. Deutsche Bank’s price objective would suggest a potential downside of 0.84% from the stock’s previous close.
A number of other firms have also recently commented on BKG. Analysts at Barclays downgraded shares of Berkeley Group Holdings to an “underweight” rating in a research note to investors on Tuesday, February 4th. They now have a GBX 2,561.50 ($42.03) price target on the stock, up previously from GBX 2,454.70 ($40.27). Separately, analysts at Jefferies Group raised their price target on shares of Berkeley Group Holdings from GBX 2,459 ($40.34) to GBX 2,477 ($40.64) in a research note to investors on Friday, January 31st. They now have a “hold” rating on the stock. Finally, analysts at Davy Research reiterated an “underperform” rating on shares of Berkeley Group Holdings in a research note to investors on Monday, January 13th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of GBX 2,292.26 ($37.61).
Berkeley Group Holdings (LON:BKG) traded up 1.40% on Monday, hitting GBX 2609.00. 299,919 shares of the company’s stock traded hands. Berkeley Group Holdings has a 1-year low of GBX 1782.297 and a 1-year high of GBX 2739.00. The stock’s 50-day moving average is GBX 2594.88 and its 200-day moving average is GBX 2342.. The company’s market cap is £3.418 billion.
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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