Berkeley Group Holdings PLC Price Target Cut to GBX 2,613 (BKG)
Investment analysts at Liberum Capital lowered their target price on shares of Berkeley Group Holdings PLC (LON:BKG) from GBX 2,634 ($45.10) to GBX 2,613 ($44.74) in a note issued to investors on Friday. The firm currently has a “hold” rating on the stock. Liberum Capital’s price target suggests a potential upside of 6.35% from the stock’s previous close.
A number of other firms have also recently commented on BKG. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Berkeley Group Holdings PLC in a research note on Monday, July 7th. They now have a GBX 2,877 ($49.26) price target on the stock. Separately, analysts at Jefferies Group reiterated a “hold” rating on shares of Berkeley Group Holdings PLC in a research note on Thursday, July 3rd. They now have a GBX 2,543 ($43.54) price target on the stock. Finally, 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 ($44.08) price target on the stock. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of GBX 2,317.91 ($39.68).
Berkeley Group Holdings PLC (LON:BKG) traded up 1.24% on Friday, hitting GBX 2457.00. 617,949 shares of the company’s stock traded hands. 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 2358.18 and its 200-day moving average is GBX 2487.92. The company’s market cap is £3.273 billion.
The company also recently announced a dividend, which is scheduled for Friday, September 26th. Stockholders of record on Wednesday, August 20th will be paid a dividend of GBX 90 ($1.54) per share. This represents a dividend yield of 4.02%. The ex-dividend date is Wednesday, August 20th.
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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