Berkeley Group Holdings PLC (BKG) Given “Underperform” Rating at Credit Suisse Group AG
Berkeley Group Holdings PLC (LON:BKG)‘s stock had its “underperform” rating reiterated by analysts at Credit Suisse Group AG in a note issued to investors on Friday. They currently have a GBX 2,162 ($28.22) price objective on the stock. Credit Suisse Group AG’s price objective indicates a potential downside of 11.93% from the stock’s previous close.
A number of other research firms have also commented on BKG. Canaccord Genuity lowered their price target on shares of Berkeley Group Holdings PLC from GBX 4,180 ($54.56) to GBX 4,070 ($53.13) and set a “buy” rating on the stock in a research report on Tuesday, June 21st. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 3,750 ($48.95) price target on shares of Berkeley Group Holdings PLC in a research report on Monday, June 13th. Deutsche Bank AG reiterated a “buy” rating and set a GBX 4,185 ($54.63) price objective on shares of Berkeley Group Holdings PLC in a research note on Tuesday, June 14th. Peel Hunt reiterated a “buy” rating and set a GBX 4,580 ($59.78) price objective on shares of Berkeley Group Holdings PLC in a research note on Wednesday, June 15th. Finally, Liberum Capital reiterated a “hold” rating and set a GBX 3,096 ($40.41) price objective on shares of Berkeley Group Holdings PLC in a research note on Wednesday, June 15th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of GBX 3,296.46 ($43.03).
Berkeley Group Holdings PLC (LON:BKG) traded down 4.36% during midday trading on Friday, hitting GBX 2455.00. 1,726,552 shares of the company were exchanged. Berkeley Group Holdings PLC has a one year low of GBX 2,015.00 and a one year high of GBX 3,788.00. The stock’s market capitalization is GBX 3.39 billion. The firm’s 50-day moving average price is GBX 2,613.78 and its 200-day moving average price is GBX 2,836.56.
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In related news, insider Richard Stearn sold 10,030 shares of the firm’s stock in a transaction that occurred on Friday, September 30th. The shares were sold at an average price of GBX 2,458 ($32.08), for a total value of £246,537.40 ($321,808.38). Also, insider Li,Adrian acquired 10,000 shares of the company’s stock in a transaction that occurred on Friday, September 16th. The stock was acquired at an average price of GBX 2,570 ($33.55) per share, with a total value of £257,000 ($335,465.34).
Berkeley Group Holdings PLC Company Profile
The Berkeley Group Holdings plc is a holding company. The Company, along with its subsidiaries, is engaged in residential-led, mixed-use property development. Its segments include Residential-led mixed-use development and Other activities. Its brands include Berkeley, which creates medium to large-scale developments in towns, cities and the countryside, encompassing executive homes, mixed use schemes, riverside apartments, refurbished historic buildings and urban loft spaces; St George, which is involved in mixed use sustainable regeneration in London; St James, which handles projects that embrace private residential development, commercial property, recreational and community facilities; St Edward, which offers residentially led developments, and St William.
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