Berkeley Group Holdings PLC (BKG) Receives Consensus Recommendation of “Hold” from Brokerages
Shares of Berkeley Group Holdings PLC (LON:BKG) have earned an average recommendation of “Hold” from the fifteen analysts that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and nine have given a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is GBX 3,616 ($47.96).
A number of equities analysts have recently commented on BKG shares. Liberum Capital reissued a “hold” rating and issued a GBX 3,169 ($42.03) target price on shares of Berkeley Group Holdings PLC in a research note on Wednesday, June 21st. J P Morgan Chase & Co lifted their target price on shares of Berkeley Group Holdings PLC from GBX 3,600 ($47.75) to GBX 4,000 ($53.06) and gave the company an “overweight” rating in a report on Friday, September 29th. Barclays PLC upped their price target on shares of Berkeley Group Holdings PLC from GBX 3,175 ($42.11) to GBX 3,628 ($48.12) and gave the stock an “equal weight” rating in a research report on Thursday, July 13th. Shore Capital reaffirmed a “hold” rating on shares of Berkeley Group Holdings PLC in a research report on Wednesday, June 21st. Finally, Deutsche Bank AG increased their price target on Berkeley Group Holdings PLC from GBX 3,746 ($49.69) to GBX 3,908 ($51.84) and gave the company a “buy” rating in a report on Thursday, August 17th.
Berkeley Group Holdings PLC (LON BKG) traded up 0.18% during midday trading on Wednesday, reaching GBX 3805.00. The company’s stock had a trading volume of 516,069 shares. The company has a 50 day moving average of GBX 3,645.14 and a 200-day moving average of GBX 3,387.83. Berkeley Group Holdings PLC has a 1-year low of GBX 2,286.00 and a 1-year high of GBX 3,819.00. The company’s market capitalization is GBX 5.22 billion.
In related news, insider Robert C. G. Perrins sold 500,000 shares of the firm’s stock in a transaction on Thursday, September 7th. The shares were sold at an average price of GBX 3,575 ($47.42), for a total transaction of £17,875,000 ($23,710,041.12). Also, insider Glyn Barker sold 900 shares of Berkeley Group Holdings PLC stock in a transaction on Friday, September 8th. The stock was sold at an average price of GBX 3,576 ($47.43), for a total transaction of £32,184 ($42,690.01). Insiders sold 510,930 shares of company stock valued at $1,828,371,020 over the last 90 days.
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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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