Berkeley Group Holdings PLC (BKG) Given Average Rating of “Buy” by Brokerages
Berkeley Group Holdings PLC (LON:BKG) has earned an average recommendation of “Buy” from the fourteen research firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is GBX 3,555.42 ($45.92).
Several brokerages recently commented on BKG. Liberum Capital reissued a “hold” rating and issued a GBX 3,317 ($42.84) price target on shares of Berkeley Group Holdings PLC in a report on Wednesday. Peel Hunt reaffirmed a “buy” rating and set a GBX 4,390 ($56.70) target price on shares of Berkeley Group Holdings PLC in a report on Wednesday. Deutsche Bank AG reaffirmed a “buy” rating and set a GBX 3,908 ($50.47) target price on shares of Berkeley Group Holdings PLC in a report on Friday, September 1st. HSBC Holdings plc upped their target price on shares of Berkeley Group Holdings PLC from GBX 3,481 ($44.96) to GBX 3,789 ($48.93) and gave the stock a “buy” rating in a report on Wednesday, July 19th. Finally, Barclays PLC upped their target price on shares of Berkeley Group Holdings PLC from GBX 3,175 ($41.00) to GBX 3,628 ($46.86) and gave the stock an “equal weight” rating in a report on Thursday, July 13th.
Shares of Berkeley Group Holdings PLC (BKG) traded down 3.43% during mid-day trading on Friday, hitting GBX 3573.00. 939,511 shares of the stock were exchanged. The stock’s 50-day moving average price is GBX 3,607.95 and its 200-day moving average price is GBX 3,302.45. Berkeley Group Holdings PLC has a 52-week low of GBX 2,286.00 and a 52-week high of GBX 3,765.00. The company’s market cap is GBX 4.91 billion.
Berkeley Group Holdings PLC (LON:BKG) last issued its quarterly earnings results on Wednesday, June 21st. The company reported $4.51 EPS for the quarter, topping the consensus estimate of $4.33 by $0.18. Berkeley Group Holdings PLC had a net margin of 25.54% and a return on equity of 32.51%. Equities research analysts anticipate that Berkeley Group Holdings PLC will post $418.95 earnings per share for the current fiscal year.
In other Berkeley Group Holdings PLC news, insider Glyn Barker sold 900 shares of the company’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of GBX 3,576 ($46.18), for a total value of £32,184 ($41,565.28). Also, insider Robert C. G. Perrins sold 500,000 shares of the company’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of GBX 3,575 ($46.17), for a total transaction of £17,875,000 ($23,085,367.43).
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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