Berkeley Group Holdings PLC’s Hold Rating Reaffirmed at Deutsche Bank (BKG)
Berkeley Group Holdings PLC (LON:BKG)‘s stock had its “hold” rating reaffirmed by stock analysts at Deutsche Bank in a report issued on Monday. They currently have a GBX 2,877 ($49.35) price target on the stock. Deutsche Bank’s price target would indicate a potential upside of 18.88% from the stock’s previous close.
Berkeley Group Holdings PLC (LON:BKG) traded down 2.81% during mid-day trading on Monday, hitting GBX 2420.00. The stock had a trading volume of 412,797 shares. Berkeley Group Holdings PLC has a 1-year low of GBX 2003.0001 and a 1-year high of GBX 2808.00. The stock’s 50-day moving average is GBX 2325.06 and its 200-day moving average is GBX 2495.08. The company’s market cap is £3.223 billion.
The company also recently declared a dividend, which is scheduled for Friday, September 26th. Investors of record on Wednesday, August 20th will be given a dividend of GBX 90 ($1.54) per share. This represents a yield of 4.02%. The ex-dividend date of this dividend is Wednesday, August 20th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group reiterated a “hold” rating on shares of Berkeley Group Holdings PLC in a research note on Thursday. They now have a GBX 2,543 ($43.62) price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Berkeley Group Holdings PLC in a research note on Friday, June 27th. They now have a GBX 2,575 ($44.17) price target on the stock. Finally, analysts at Credit Suisse raised their price target on shares of Berkeley Group Holdings PLC from GBX 2,506 ($42.98) to GBX 2,550 ($43.74) in a research note on Friday, June 20th. They now have a “neutral” rating on the stock. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 2,319.82 ($39.79).
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.