Berkeley Group Holdings PLC Receives Overweight Rating from JPMorgan Chase & Co. (BKG)
Berkeley Group Holdings PLC (LON:BKG)‘s stock had its “overweight” rating restated by stock analysts at JPMorgan Chase & Co. in a report issued on Tuesday. They currently have a GBX 2,800 ($47.53) price target on the stock. JPMorgan Chase & Co.’s price objective suggests a potential upside of 23.84% from the stock’s previous close.
Shares of Berkeley Group Holdings PLC (LON:BKG) traded down 0.35% during mid-day trading on Tuesday, hitting GBX 2261.00. 569,429 shares of the company’s stock traded hands. Berkeley Group Holdings PLC has a 52-week low of GBX 2003.0001 and a 52-week high of GBX 2808.00. The stock’s 50-day moving average is GBX 2309. and its 200-day moving average is GBX 2501.85. The company’s market cap is £2.962 billion.
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 PLC in a research note on Friday. They now have a GBX 2,587 ($43.91) price target on the stock. Separately, analysts at Numis Securities Ltd reiterated an “add” rating on shares of Berkeley Group Holdings PLC in a research note on Thursday, June 12th. They now have a GBX 3,000 ($50.93) price target on the stock. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of GBX 2,335.10 ($39.64).
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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