The Berkeley Group (LON:BKG) Upgraded at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of The Berkeley Group (LON:BKG) to an overweight rating in a report released on Wednesday, MarketBeat Ratings reports. JPMorgan Chase & Co. currently has GBX 5,000 target price on the stock, up from their previous target price of GBX 4,700.

BKG has been the topic of a number of other reports. Royal Bank Of Canada lowered shares of The Berkeley Group to an “underperform” rating and cut their price target for the stock from GBX 4,900 to GBX 3,700 in a research note on Tuesday, December 2nd. The Goldman Sachs Group began coverage on shares of The Berkeley Group in a report on Monday, November 24th. They issued a “sell” rating and a GBX 3,714 price objective for the company. Three equities research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of GBX 4,475.80.

The Berkeley Group Stock Down 2.5%

Shares of LON BKG opened at GBX 4,212 on Wednesday. The company has a quick ratio of 0.57, a current ratio of 3.39 and a debt-to-equity ratio of 18.66. The business’s 50 day moving average is GBX 3,932.16 and its two-hundred day moving average is GBX 3,848.51. The Berkeley Group has a 52-week low of GBX 3,484 and a 52-week high of GBX 4,380. The firm has a market cap of £3.99 billion, a price-to-earnings ratio of 11.46, a PEG ratio of -0.87 and a beta of 1.22.

The Berkeley Group (LON:BKG) last issued its quarterly earnings data on Wednesday, December 10th. The company reported GBX 183.70 earnings per share for the quarter. The Berkeley Group had a return on equity of 11.40% and a net margin of 16.13%.

The Berkeley Group Company Profile

At Berkeley Group we build homes and neighbourhoods across London, Birmingham and the South of England.

Our passion and purpose is to build quality homes, strengthen communities and make a positive difference to people’s lives. We use our sustained commercial success to make valuable and enduring contributions that benefit all our stakeholders.

We specialise in brownfield regeneration, working closely with local communities and councils to revive underused land and create homes where they are needed most.