Berkeley Group Holdings PLC Receives “Hold” Rating from Deutsche Bank (BKG)
Berkeley Group Holdings PLC (LON:BKG)‘s stock had its “hold” rating reaffirmed by analysts at Deutsche Bank in a research report issued to clients and investors on Tuesday. They currently have a GBX 2,877 ($48.96) price target on the stock. Deutsche Bank’s price objective points to a potential upside of 26.07% from the stock’s previous close.
Shares of Berkeley Group Holdings PLC (LON:BKG) traded down 0.78% during mid-day trading on Tuesday, hitting GBX 2282.00. The stock had a trading volume of 418,084 shares. Berkeley Group Holdings PLC has a 52 week low of GBX 2003.0001 and a 52 week high of GBX 2808.00. The stock has a 50-day moving average of GBX 2306. and a 200-day moving average of GBX 2501.10. The company’s market cap is £3.040 billion.
The company also recently declared a dividend, which is scheduled for Friday, September 26th. Stockholders of record on Wednesday, August 20th will be given a dividend of GBX 90 ($1.53) per share. This represents a yield of 4.02%. The ex-dividend date of this dividend is Wednesday, August 20th.
A number of other analysts have also recently weighed in on BKG. Analysts at Credit Suisse raised their price target on shares of Berkeley Group Holdings PLC from GBX 2,506 ($42.65) to GBX 2,550 ($43.40) in a research note on Friday. They now have a “neutral” rating on the stock. Separately, analysts at Liberum Capital reiterated a “hold” rating on shares of Berkeley Group Holdings PLC in a research note on Thursday, June 19th. They now have a GBX 2,634 ($44.83) price target on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Berkeley Group Holdings PLC from GBX 2,477 ($42.15) to GBX 2,543 ($43.28) in a research note on Thursday, June 19th. They now have a “hold” rating on the stock. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company’s stock. Berkeley Group Holdings PLC has an average rating of “Hold” and a consensus price target of GBX 2,318.45 ($39.46).
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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