Berkeley Group Holdings PLC (BKG) Rating Reiterated by Peel Hunt
Berkeley Group Holdings PLC (LON:BKG)‘s stock had its “buy” rating reissued by equities research analysts at Peel Hunt in a research report issued on Wednesday. They presently have a GBX 4,390 ($56.70) price objective on the stock. Peel Hunt’s target price would indicate a potential upside of 22.87% from the company’s previous close.
Several other research analysts have also recently weighed in on the company. Deutsche Bank AG reiterated a “buy” rating and set a GBX 3,908 ($50.47) price objective on shares of Berkeley Group Holdings PLC in a research report on Friday, September 1st. HSBC Holdings plc increased their price objective on 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 research report on Wednesday, July 19th. Liberum Capital increased their price objective on Berkeley Group Holdings PLC from GBX 3,169 ($40.93) to GBX 3,317 ($42.84) and gave the stock a “hold” rating in a research report on Wednesday, July 19th. Barclays PLC increased their price objective on 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 research report on Thursday, July 13th. Finally, Credit Suisse Group reiterated an “underperform” rating and set a GBX 2,162 ($27.92) price objective on shares of Berkeley Group Holdings PLC in a research report on Friday, June 30th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of GBX 3,555.42 ($45.92).
Berkeley Group Holdings PLC (BKG) traded down 3.43% during midday trading on Wednesday, reaching GBX 3573.00. 939,511 shares of the company’s stock were exchanged. The company has a 50 day moving average price of GBX 3,607.95 and a 200 day moving average price of GBX 3,302.45. The company’s market cap is GBX 4.91 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.
Berkeley Group Holdings PLC (LON:BKG) last posted its quarterly earnings data on Wednesday, June 21st. The company reported $4.51 earnings per share for the quarter, topping the consensus estimate of $4.33 by $0.18. Berkeley Group Holdings PLC had a return on equity of 32.51% and a net margin of 25.54%. On average, equities analysts anticipate that Berkeley Group Holdings PLC will post $418.95 EPS for the current year.
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In related news, insider Robert C. G. Perrins sold 500,000 shares of the firm’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). Also, insider Glyn Barker sold 900 shares of the firm’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).
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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