Berkeley Group Holdings PLC’s (BKG) “Hold” Rating Reiterated at Liberum Capital
Berkeley Group Holdings PLC (LON:BKG)‘s stock had its “hold” rating reissued by equities researchers at Liberum Capital in a report released on Wednesday. They presently have a GBX 3,317 ($42.84) price objective on the stock. Liberum Capital’s price objective points to a potential downside of 7.16% from the stock’s current price.
Several other equities analysts have also recently weighed in on the stock. Barclays PLC raised 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 company an “equal weight” rating in a research note on Thursday, July 13th. HSBC Holdings plc raised 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 company a “buy” rating in a research note on Wednesday, July 19th. Credit Suisse Group reaffirmed an “underperform” rating and set a GBX 2,162 ($27.92) price target on shares of Berkeley Group Holdings PLC in a report on Friday, June 30th. Deutsche Bank AG reaffirmed a “buy” rating and set a GBX 3,604 ($46.55) price target on shares of Berkeley Group Holdings PLC in a report on Tuesday, June 13th. Finally, Shore Capital reaffirmed a “hold” rating on shares of Berkeley Group Holdings PLC in a report on Wednesday, June 21st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of GBX 3,555.42 ($45.92).
Shares of Berkeley Group Holdings PLC (LON BKG) traded down 3.43% during mid-day trading on Wednesday, hitting GBX 3573.00. 939,511 shares of the stock were exchanged. The company’s market capitalization 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. The firm has a 50-day moving average price of GBX 3,607.95 and a 200 day moving average price of GBX 3,302.45.
Berkeley Group Holdings PLC (LON:BKG) last released its earnings results on Wednesday, June 21st. The company reported $4.51 earnings per share for the quarter, beating 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%. On average, equities research analysts expect that Berkeley Group Holdings PLC will post $418.95 earnings per share for the current year.
In other Berkeley Group Holdings PLC news, insider Glyn Barker sold 900 shares of Berkeley Group Holdings PLC stock in a transaction dated Friday, September 8th. The stock was 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 Berkeley Group Holdings PLC 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 value of £17,875,000 ($23,085,367.43).
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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