Berkeley Group Holdings PLC (BKG) Price Target Raised to GBX 3,908
Berkeley Group Holdings PLC (LON:BKG) had its price objective raised by Deutsche Bank AG from GBX 3,746 ($48.63) to GBX 3,908 ($50.73) in a note issued to investors on Thursday, Marketbeat.com reports. The firm presently has a “buy” rating on the stock. Deutsche Bank AG’s price objective suggests a potential upside of 6.05% from the company’s current price.
A number of other equities research analysts also recently commented on the stock. Credit Suisse Group reaffirmed an “underperform” rating and issued a GBX 2,162 ($28.07) target price on shares of Berkeley Group Holdings PLC in a research report on Wednesday, April 19th. Peel Hunt lifted their target price on shares of Berkeley Group Holdings PLC from GBX 4,370 ($56.73) to GBX 4,390 ($56.99) and gave the stock a “buy” rating in a research report on Wednesday, April 26th. HSBC Holdings plc lifted their target price on shares of Berkeley Group Holdings PLC from GBX 3,481 ($45.19) to GBX 3,789 ($49.19) and gave the stock a “buy” rating in a research report on Wednesday, July 19th. Barclays PLC lifted their target price on shares of Berkeley Group Holdings PLC from GBX 3,175 ($41.22) to GBX 3,628 ($47.10) and gave the stock an “equal weight” rating in a research report on Thursday, July 13th. Finally, Shore Capital reaffirmed a “hold” rating on shares of Berkeley Group Holdings PLC in a research report on Wednesday, June 21st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of GBX 3,555.42 ($46.16).
Berkeley Group Holdings PLC (LON BKG) traded down 0.43% during trading on Thursday, reaching GBX 3685.00. The company had a trading volume of 464,401 shares. Berkeley Group Holdings PLC has a 12-month low of GBX 2,286.00 and a 12-month high of GBX 3,754.00. The firm’s 50 day moving average price is GBX 3,441.51 and its 200 day moving average price is GBX 3,217.86. The firm’s market capitalization is GBX 5.03 billion.
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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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