Berkeley Group Holdings PLC (BKG) Insider Sells £19,250,000 in Stock
Berkeley Group Holdings PLC (LON:BKG) insider Robert C. G. Perrins sold 500,000 shares of the company’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of GBX 3,850 ($50.80), for a total value of £19,250,000 ($25,402,480.87).
Shares of Berkeley Group Holdings PLC (BKG) opened at 3861.00 on Friday. The stock has a 50 day moving average price of GBX 3,717.41 and a 200 day moving average price of GBX 3,463.67. The stock’s market cap is GBX 5.30 billion. Berkeley Group Holdings PLC has a 12 month low of GBX 2,286.00 and a 12 month high of GBX 4,003.00.
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Several research firms recently commented on BKG. Credit Suisse Group reiterated an “underperform” rating and issued a GBX 2,985 ($39.39) target price on shares of Berkeley Group Holdings PLC in a research note on Thursday. Deutsche Bank AG upped their target price on Berkeley Group Holdings PLC from GBX 3,746 ($49.43) to GBX 3,908 ($51.57) and gave the company a “buy” rating in a research note on Thursday, August 17th. J P Morgan Chase & Co upped their target price on Berkeley Group Holdings PLC from GBX 3,600 ($47.51) to GBX 4,000 ($52.78) and gave the company an “overweight” rating in a research note on Friday, September 29th. Peel Hunt reiterated a “buy” rating and issued a GBX 4,390 ($57.93) target price on shares of Berkeley Group Holdings PLC in a research note on Wednesday, September 6th. Finally, Bank of America Corporation reiterated an “underperform” rating and issued a GBX 2,850 ($37.61) target price on shares of Berkeley Group Holdings PLC in a research note on Tuesday, September 12th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company’s stock. Berkeley Group Holdings PLC presently has an average rating of “Hold” and a consensus price target of GBX 3,616 ($47.72).
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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