The Berkeley Group (LON:BKG) Hits New 1-Year Low – Should You Sell?

Shares of The Berkeley Group Holdings plc (LON:BKGGet Free Report) hit a new 52-week low during trading on Thursday . The company traded as low as GBX 2,796 and last traded at GBX 3,104, with a volume of 2059553 shares traded. The stock had previously closed at GBX 3,436.

Wall Street Analysts Forecast Growth

BKG has been the topic of several recent analyst reports. Royal Bank Of Canada upgraded shares of The Berkeley Group to a “sector perform” rating and set a GBX 3,900 target price on the stock in a report on Wednesday. Bank of America upgraded shares of The Berkeley Group to a “buy” rating and cut their price target for the stock from GBX 4,080 to GBX 4,020 in a report on Monday. Finally, JPMorgan Chase & Co. upgraded The Berkeley Group to an “overweight” rating and upped their price objective for the company from GBX 4,700 to GBX 5,000 in a report on Wednesday, February 4th. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, The Berkeley Group presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 4,433.17.

Read Our Latest Research Report on BKG

The Berkeley Group Stock Down 0.4%

The business has a 50-day moving average of GBX 3,992.22 and a 200-day moving average of GBX 3,919.74. The company has a debt-to-equity ratio of 18.94, a quick ratio of 0.57 and a current ratio of 3.54. The stock has a market capitalization of £2.92 billion, a price-to-earnings ratio of 8.41, a P/E/G ratio of -0.87 and a beta of 1.19.

The Berkeley Group Company Profile

(Get Free Report)

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.

Further Reading

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