Berkeley Group Holdings PLC (BKG) Receives Consensus Recommendation of “Hold” from Analysts
Berkeley Group Holdings PLC (LON:BKG) has been given a consensus recommendation of “Hold” by the fourteen research firms that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is GBX 3,765.25 ($51.06).
BKG has been the subject of several recent research reports. Peel Hunt boosted their price target on Berkeley Group from GBX 4,390 ($59.53) to GBX 4,660 ($63.20) and gave the company a “buy” rating in a research note on Wednesday, September 27th. Deutsche Bank reiterated a “buy” rating on shares of Berkeley Group in a research note on Thursday, November 23rd. Canaccord Genuity reiterated a “hold” rating and issued a GBX 3,940 ($53.43) price target on shares of Berkeley Group in a research note on Friday, December 8th. Numis Securities boosted their price target on Berkeley Group from GBX 3,413 ($46.28) to GBX 3,600 ($48.82) and gave the company a “hold” rating in a research note on Friday, December 8th. Finally, Liberum Capital reiterated a “hold” rating and issued a GBX 3,317 ($44.98) price target on shares of Berkeley Group in a research note on Friday, December 8th.
In other news, insider John Armitt sold 1,000 shares of the stock in a transaction on Monday, December 11th. The stock was sold at an average price of GBX 4,103 ($55.64), for a total value of £41,030 ($55,641.44). Also, insider Robert C. G. Perrins sold 500,000 shares of the stock in a transaction on Thursday, October 26th. The shares were sold at an average price of GBX 3,850 ($52.21), for a total value of £19,250,000 ($26,105,234.61).
Berkeley Group (LON:BKG) last issued its quarterly earnings results on Friday, December 8th. The company reported GBX 316.60 ($4.29) earnings per share (EPS) for the quarter. The business had revenue of GBX 160.77 billion during the quarter. Berkeley Group had a return on equity of 38.00% and a net margin of 26.93%.
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About Berkeley Group
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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