Berkeley Group Holdings PLC (BKG) Receives Average Rating of “Buy” from Brokerages
Berkeley Group Holdings PLC (LON:BKG) has earned a consensus rating of “Buy” from the fourteen ratings firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is GBX 3,530.08 ($46.10).
BKG has been the topic of several recent research reports. Deutsche Bank AG reiterated a “buy” rating and issued a GBX 3,571 ($46.63) price target on shares of Berkeley Group Holdings PLC in a research report on Tuesday, March 28th. Liberum Capital downgraded shares of Berkeley Group Holdings PLC to a “hold” rating and raised their price objective for the company from GBX 3,150 ($41.13) to GBX 3,169 ($41.38) in a research report on Tuesday, April 4th. J P Morgan Chase & Co raised their price objective on shares of Berkeley Group Holdings PLC from GBX 3,400 ($44.40) to GBX 3,600 ($47.01) and gave the company an “overweight” rating in a research report on Thursday, April 6th. Jefferies Group LLC raised their price objective on shares of Berkeley Group Holdings PLC from GBX 3,433 ($44.83) to GBX 4,111 ($53.68) and gave the company a “buy” rating in a research report on Tuesday, April 18th. Finally, Credit Suisse Group restated an “underperform” rating and set a GBX 2,162 ($28.23) price objective on shares of Berkeley Group Holdings PLC in a research report on Wednesday, April 19th.
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Shares of Berkeley Group Holdings PLC (LON:BKG) traded up 0.15% during midday trading on Friday, reaching GBX 3417.00. 266,846 shares of the company’s stock were exchanged. Berkeley Group Holdings PLC has a one year low of GBX 2,286.00 and a one year high of GBX 3,459.00. The firm has a 50 day moving average of GBX 3,255.09 and a 200-day moving average of GBX 3,118.10. The stock’s market cap is GBX 4.72 billion.
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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