Liberum Capital Reaffirms “Hold” Rating for Berkeley Group Holdings PLC (BKG)
Berkeley Group Holdings PLC (LON:BKG)‘s stock had its “hold” rating restated by investment analysts at Liberum Capital in a research note issued on Friday. They currently have a GBX 3,169 ($40.95) target price on the stock. Liberum Capital’s price objective would indicate a potential downside of 1.18% from the company’s current price.
BKG has been the topic of several other reports. Jefferies Group LLC upped their price target on Berkeley Group Holdings PLC from GBX 3,433 ($44.36) to GBX 4,111 ($53.12) and gave the company a “buy” rating in a report on Tuesday, April 18th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Berkeley Group Holdings PLC in a report on Monday, March 13th. Barclays PLC upped their price target on Berkeley Group Holdings PLC from GBX 2,790 ($36.05) to GBX 3,175 ($41.03) and gave the company an “equal weight” rating in a report on Monday, February 13th. Peel Hunt upped their price target on Berkeley Group Holdings PLC from GBX 4,370 ($56.47) to GBX 4,390 ($56.73) and gave the company a “buy” rating in a report on Wednesday, April 26th. Finally, Morgan Stanley started coverage on Berkeley Group Holdings PLC in a report on Tuesday, March 21st. They set an “overweight” rating and a GBX 3,150 ($40.70) price target on the stock. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of GBX 3,360.50 ($43.42).
Berkeley Group Holdings PLC (LON:BKG) traded down 3.55% during mid-day trading on Friday, reaching GBX 3093.00. 1,258,518 shares of the company traded hands. Berkeley Group Holdings PLC has a one year low of GBX 2,015.00 and a one year high of GBX 3,421.00. The stock’s 50-day moving average price is GBX 3,293.44 and its 200-day moving average price is GBX 3,002.96. The firm’s market cap is GBX 4.26 billion.
In other news, insider Anthony W. Pidgley sold 1,000,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 4th. The stock was sold at an average price of GBX 3,110 ($40.19), for a total value of £31,100,000 ($40,186,070.55).
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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