Berkeley Group Holdings PLC (BKG) Given Buy Rating at Jefferies Group LLC
Berkeley Group Holdings PLC (LON:BKG)‘s stock had its “buy” rating restated by stock analysts at Jefferies Group LLC in a report released on Monday. They currently have a GBX 3,958 ($50.34) target price on the stock. Jefferies Group LLC’s target price would suggest a potential upside of 17.52% from the company’s current price.
BKG has been the topic of a number of other reports. Shore Capital reaffirmed a “hold” rating on shares of Berkeley Group Holdings PLC in a research report on Friday, March 17th. Canaccord Genuity upped their price target on Berkeley Group Holdings PLC from GBX 3,170 ($40.32) to GBX 3,530 ($44.90) and gave the company a “buy” rating in a research report on Tuesday, March 21st. Credit Suisse Group reissued an “underperform” rating and set a GBX 2,162 ($27.50) price target on shares of Berkeley Group Holdings PLC in a research report on Wednesday, April 19th. Numis Securities Ltd reissued a “hold” rating and set a GBX 3,413 ($43.41) price target on shares of Berkeley Group Holdings PLC in a research report on Thursday. Finally, Peel Hunt reissued a “buy” rating and set a GBX 4,370 ($55.58) price target on shares of Berkeley Group Holdings PLC in a research report on Friday, March 17th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of GBX 3,317.67 ($42.20).
Shares of Berkeley Group Holdings PLC (BKG) traded down 0.30% during trading on Monday, reaching GBX 3306.00. 411,149 shares of the company’s stock traded hands. The stock’s market capitalization is GBX 4.57 billion. The company has a 50 day moving average price of GBX 3,276.30 and a 200 day moving average price of GBX 3,051.38. Berkeley Group Holdings PLC has a 1-year low of GBX 2,015.00 and a 1-year high of GBX 3,421.00.
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In related news, insider Anthony W. Pidgley sold 1,000,000 shares of the company’s stock in a transaction on Tuesday, April 4th. The stock was sold at an average price of GBX 3,110 ($39.56), for a total transaction of £31,100,000 ($39,557,364.54).
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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