Berkeley Group Holdings PLC Given “Hold” Rating at Deutsche Bank (BKG)
Berkeley Group Holdings PLC (LON:BKG)‘s stock had its “hold” rating reaffirmed by equities research analysts at Deutsche Bank in a research note issued to investors on Friday, American Banking News reports. They currently have a GBX 2,587 ($43.36) price target on the stock. Deutsche Bank’s price target points to a potential downside of 5.49% from the company’s current price.
Shares of Berkeley Group Holdings PLC (LON:BKG) opened at 2737.4185 on Friday. Berkeley Group Holdings PLC has a 52 week low of GBX 1843.00 and a 52 week high of GBX 2759.00. The stock’s 50-day moving average is GBX 2621. and its 200-day moving average is GBX 2369.. The company’s market cap is £3.586 billion.
A number of other firms have also recently commented on BKG. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Berkeley Group Holdings PLC in a research note on Monday, February 10th. They now have a GBX 2,445 ($40.98) price target on the stock. Separately, analysts at Barclays downgraded shares of Berkeley Group Holdings PLC to an “underweight” rating in a research note on Tuesday, February 4th. They now have a GBX 2,561.50 ($42.93) price target on the stock, up previously from GBX 2,454.70 ($41.14). Finally, analysts at Jefferies Group raised their price target on shares of Berkeley Group Holdings PLC from GBX 2,459 ($41.21) to GBX 2,477 ($41.51) in a research note on Friday, January 31st. They now have a “hold” rating on the stock. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the stock. Berkeley Group Holdings PLC currently has an average rating of “Hold” and an average target price of GBX 2,265.98 ($37.98).
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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