Insider Selling: Berkeley Group Holdings PLC (BKG) Insider Sells 500,000 Shares of Stock
Berkeley Group Holdings PLC (LON:BKG) insider Robert C. G. Perrins sold 500,000 shares of the company’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of GBX 3,575 ($46.17), for a total value of £17,875,000 ($23,085,367.43).
Berkeley Group Holdings PLC (LON BKG) opened at 3601.00 on Friday. The firm’s market cap is GBX 4.94 billion. Berkeley Group Holdings PLC has a 12-month low of GBX 2,286.00 and a 12-month high of GBX 3,765.00. The company has a 50-day moving average price of GBX 3,603.73 and a 200-day moving average price of GBX 3,300.55.
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A number of analysts have recently commented on BKG shares. Deutsche Bank AG upped their target price on Berkeley Group Holdings PLC from GBX 3,571 ($46.12) to GBX 3,604 ($46.55) and gave the stock a “buy” rating in a research note on Wednesday, May 31st. Liberum Capital restated a “hold” rating and issued a GBX 3,169 ($40.93) target price on shares of Berkeley Group Holdings PLC in a research note on Friday, June 9th. Peel Hunt restated a “buy” rating and issued a GBX 4,390 ($56.70) target price on shares of Berkeley Group Holdings PLC in a research note on Wednesday, June 21st. Shore Capital restated a “hold” rating on shares of Berkeley Group Holdings PLC in a research note on Wednesday, June 21st. Finally, J P Morgan Chase & Co restated an “overweight” rating and issued a GBX 3,600 ($46.49) target price on shares of Berkeley Group Holdings PLC in a research note on Thursday, June 22nd. One equities research 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. Berkeley Group Holdings PLC has an average rating of “Buy” and an average target price of GBX 3,555.42 ($45.92).
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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