Berkeley Group Holdings PLC (BKG) Given Consensus Rating of “Hold” by Brokerages

Shares of Berkeley Group Holdings PLC (LON:BKG) have been given an average rating of “Hold” by the fourteen analysts that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is GBX 3,805.55 ($53.36).

A number of equities research analysts recently issued reports on BKG shares. Deutsche Bank restated a “buy” rating on shares of Berkeley Group in a report on Thursday, November 23rd. Canaccord Genuity restated a “hold” rating and issued a GBX 3,940 ($55.24) target price on shares of Berkeley Group in a report on Friday, December 8th. Numis Securities boosted their target price on shares of Berkeley Group from GBX 3,413 ($47.85) to GBX 3,600 ($50.48) and gave the company a “hold” rating in a report on Friday, December 8th. Liberum Capital restated a “hold” rating and issued a GBX 3,317 ($46.51) target price on shares of Berkeley Group in a report on Friday, December 8th. Finally, Shore Capital restated a “hold” rating on shares of Berkeley Group in a report on Friday, December 8th.

In other Berkeley Group news, insider John Armitt sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of GBX 4,103 ($57.53), for a total transaction of £41,030 ($57,529.44). Also, insider Anthony W. Pidgley sold 215,101 shares of the business’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of GBX 4,190 ($58.75), for a total transaction of £9,012,731.90 ($12,637,032.95).

Shares of Berkeley Group (LON:BKG) traded down GBX 49 ($0.69) during midday trading on Tuesday, hitting GBX 3,849 ($53.97). 655,510 shares of the stock were exchanged, compared to its average volume of 499,753. The stock has a market capitalization of $5,210.00 and a P/E ratio of 699.82. Berkeley Group has a 1-year low of GBX 2,801 ($39.27) and a 1-year high of GBX 4,270 ($59.87).

Berkeley Group (LON:BKG) last issued its quarterly earnings results on Friday, December 8th. The company reported GBX 316.60 ($4.44) EPS for the quarter. The business had revenue of GBX 160.77 billion during the quarter. Berkeley Group had a net margin of 26.93% and a return on equity of 38.00%.

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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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