Berkeley Group (BKG) PT Raised to GBX 3,579 at Credit Suisse Group

Berkeley Group (LON:BKG) had its price target increased by research analysts at Credit Suisse Group from GBX 2,985 ($40.48) to GBX 3,579 ($48.54) in a research report issued to clients and investors on Tuesday. The brokerage currently has an “underperform” rating on the stock. Credit Suisse Group’s price target points to a potential downside of 13.32% from the company’s current price.

Several other equities research analysts have also recently weighed in on the company. Liberum Capital reiterated a “hold” rating and issued a GBX 4,050 ($54.92) target price on shares of Berkeley Group in a report on Wednesday, January 3rd. Deutsche Bank reissued a “hold” rating and issued a GBX 4,017 ($54.48) price target on shares of Berkeley Group in a research report on Monday, December 18th. JPMorgan Chase & Co. lowered Berkeley Group to a “neutral” rating and boosted their price target for the stock from GBX 4,000 ($54.24) to GBX 4,300 ($58.31) in a research report on Thursday, December 14th. Jefferies Group lowered Berkeley Group to a “hold” rating and boosted their price target for the stock from GBX 3,958 ($53.68) to GBX 4,214 ($57.15) in a research report on Wednesday, December 13th. Finally, Canaccord Genuity reissued a “hold” rating and issued a GBX 3,940 ($53.43) price target on shares of Berkeley Group in a research report on Friday, December 8th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. Berkeley Group currently has an average rating of “Hold” and an average price target of GBX 3,814.75 ($51.73).

Shares of Berkeley Group (LON BKG) traded up GBX 9 ($0.12) during mid-day trading on Tuesday, hitting GBX 4,129 ($55.99). The company’s stock had a trading volume of 425,209 shares, compared to its average volume of 679,261. Berkeley Group has a twelve month low of GBX 2,774.04 ($37.62) and a twelve month high of GBX 4,270 ($57.91). The stock has a market cap of $5,580.00 and a PE ratio of 750.73.

Berkeley Group (LON:BKG) last issued its earnings results on Friday, December 8th. The company reported GBX 316.60 ($4.29) earnings per share for the quarter. Berkeley Group had a return on equity of 38.00% and a net margin of 26.93%. The business had revenue of GBX 160.77 billion during the quarter.

In related news, insider Robert C. G. Perrins sold 500,000 shares of the company’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of GBX 3,850 ($52.21), for a total transaction of £19,250,000 ($26,105,234.61). Also, insider John Armitt sold 1,000 shares of the company’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of GBX 4,103 ($55.64), for a total value of £41,030 ($55,641.44).

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Berkeley Group 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.

Analyst Recommendations for Berkeley Group (LON:BKG)

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