Deutsche Bank AG Reaffirms Buy Rating for Berkeley Group Holdings PLC (BKG)
Berkeley Group Holdings PLC (LON:BKG)‘s stock had its “buy” rating reaffirmed by analysts at Deutsche Bank AG in a research report issued to clients and investors on Thursday. They presently have a GBX 3,571 ($46.11) price target on the stock. Deutsche Bank AG’s price objective would suggest a potential upside of 7.85% from the stock’s current price.
A number of other equities analysts have also commented on the stock. Peel Hunt raised their price objective on shares of Berkeley Group Holdings PLC from GBX 4,370 ($56.42) to GBX 4,390 ($56.68) and gave the company a “buy” rating in a research report on Wednesday, April 26th. Credit Suisse Group AG reaffirmed an “underperform” rating and issued a GBX 2,162 ($27.91) target price on shares of Berkeley Group Holdings PLC in a research note on Wednesday, April 19th. Jefferies Group LLC raised their target price on shares of Berkeley Group Holdings PLC from GBX 3,433 ($44.33) to GBX 4,111 ($53.08) and gave the company a “buy” rating in a research note on Tuesday, April 18th. JPMorgan Chase & Co. raised their target price on shares of Berkeley Group Holdings PLC from GBX 3,400 ($43.90) to GBX 3,600 ($46.48) and gave the company an “overweight” rating in a research note on Thursday, April 6th. Finally, Liberum Capital downgraded shares of Berkeley Group Holdings PLC to a “hold” rating and raised their target price for the company from GBX 3,150 ($40.67) to GBX 3,169 ($40.92) in a research note on Tuesday, April 4th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of GBX 3,357.75 ($43.35).
Shares of Berkeley Group Holdings PLC (LON:BKG) traded up 1.75% on Thursday, reaching GBX 3311.00. The company had a trading volume of 712,465 shares. Berkeley Group Holdings PLC has a 52-week low of GBX 2,015.00 and a 52-week high of GBX 3,390.00. The company has a 50 day moving average price of GBX 3,207.43 and a 200 day moving average price of GBX 2,850.09.
ILLEGAL ACTIVITY WARNING: “Deutsche Bank AG Reaffirms Buy Rating for Berkeley Group Holdings PLC (BKG)” was originally reported by American Banking News and is the property of of American Banking News. If you are reading this piece on another domain, it was illegally stolen and republished in violation of US and international copyright legislation. The original version of this piece can be accessed at https://www.americanbankingnews.com/2017/05/07/deutsche-bank-ag-reaffirms-buy-rating-for-berkeley-group-holdings-plc-bkg.html.
In related news, insider Anthony W. Pidgley sold 1,000,000 shares of Berkeley Group Holdings PLC stock in a transaction on Tuesday, April 4th. The shares were sold at an average price of GBX 3,110 ($40.15), for a total value of £31,100,000 ($40,154,938.67).
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.
Receive News & Ratings for Berkeley Group Holdings PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Berkeley Group Holdings PLC and related companies with MarketBeat.com's FREE daily email newsletter.