Berkeley Group Holdings PLC (LON:BKG) Given Underperform Rating at Credit Suisse Group
Berkeley Group Holdings PLC (LON:BKG)‘s stock had its “underperform” rating reaffirmed by equities researchers at Credit Suisse Group in a research note issued on Friday. They currently have a GBX 2,162 ($27.50) target price on the stock. Credit Suisse Group’s target price suggests a potential downside of 33.00% from the company’s previous close.
Several other brokerages have also commented on BKG. Deutsche Bank AG restated a “buy” rating on shares of Berkeley Group Holdings PLC in a report on Monday, March 13th. Liberum Capital restated a “buy” rating and issued a GBX 3,150 ($40.07) price objective on shares of Berkeley Group Holdings PLC in a report on Friday, March 17th. Numis Securities Ltd restated a “buy” rating and issued a GBX 3,844 ($48.89) price objective on shares of Berkeley Group Holdings PLC in a report on Friday, March 17th. Peel Hunt restated a “buy” rating and issued a GBX 4,370 ($55.58) price objective on shares of Berkeley Group Holdings PLC in a report on Friday, March 17th. Finally, Shore Capital restated a “hold” rating on shares of Berkeley Group Holdings PLC in a report on Friday, March 17th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of GBX 3,427.45 ($43.60).
Berkeley Group Holdings PLC (BKG) traded up 1.06% on Friday, reaching GBX 3227.00. The company had a trading volume of 584,752 shares. Berkeley Group Holdings PLC has a one year low of GBX 2,234.00 and a one year high of GBX 3,421.00. The company’s 50 day moving average is GBX 3,268.03 and its 200-day moving average is GBX 3,068.30. The firm’s market capitalization is GBX 4.46 billion.
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In other news, insider Anthony W. Pidgley sold 1,000,000 shares of Berkeley Group Holdings PLC stock in a transaction that occurred on Tuesday, April 4th. The shares were sold at an average price of GBX 3,110 ($39.56), for a total transaction of £31,100,000 ($39,557,364.54).
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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