Berkeley Group Holdings PLC (BKG) PT Lowered to GBX 3,829 at Deutsche Bank AG
Berkeley Group Holdings PLC (LON:BKG) had its price target decreased by investment analysts at Deutsche Bank AG from GBX 3,981 ($49.27) to GBX 3,829 ($47.39) in a research note issued to investors on Tuesday. The brokerage presently has a “buy” rating on the stock. Deutsche Bank AG’s price objective would suggest a potential upside of 56.54% from the company’s previous close.
A number of other research analysts have also recently issued reports on BKG. Jefferies Group reissued a “buy” rating and issued a GBX 4,650 ($57.55) target price on shares of Berkeley Group Holdings PLC in a research note on Tuesday, April 19th. Goldman Sachs Group Inc. reissued a “neutral” rating and issued a GBX 4,000 ($49.50) target price on shares of Berkeley Group Holdings PLC in a research note on Wednesday, May 4th. Beaufort Securities reissued a “buy” rating on shares of Berkeley Group Holdings PLC in a research note on Thursday, June 16th. Canaccord Genuity reaffirmed a “buy” rating and set a GBX 4,180 ($51.73) price objective on shares of Berkeley Group Holdings PLC in a research report on Wednesday, June 15th. Finally, Credit Suisse Group AG reaffirmed an “underperform” rating and set a GBX 2,645 ($32.74) price objective on shares of Berkeley Group Holdings PLC in a research report on Thursday, June 16th. 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. Berkeley Group Holdings PLC presently has an average rating of “Hold” and a consensus price target of GBX 3,296.46 ($40.80).
Shares of Berkeley Group Holdings PLC (LON:BKG) traded up 0.8660% on Tuesday, hitting GBX 2435.7031. The company had a trading volume of 751,775 shares. The firm has a 50 day moving average of GBX 2,592.68 and a 200-day moving average of GBX 2,810.39. The firm’s market capitalization is GBX 3.36 billion. Berkeley Group Holdings PLC has a 12-month low of GBX 2,015.00 and a 12-month high of GBX 3,788.00.
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In other Berkeley Group Holdings PLC news, insider Li,Adrian acquired 10,000 shares of the company’s stock in a transaction on Friday, September 16th. The shares were purchased at an average price of GBX 2,570 ($31.81) per share, for a total transaction of £257,000 ($318,069.31). Also, insider Richard Stearn sold 10,030 shares of the company’s stock in a transaction that occurred on Friday, September 30th. The shares were sold at an average price of GBX 2,458 ($30.42), for a total value of £246,537.40 ($305,120.54).
About Berkeley Group Holdings PLC
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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