The Berkeley Group Holdings plc (LON:BKG) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of The Berkeley Group Holdings plc (LON:BKG) have received an average recommendation of “Moderate Buy” from the seven ratings firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is GBX 4,190.

BKG has been the topic of a number of recent research reports. JPMorgan Chase & Co. dropped their price target on shares of The Berkeley Group from GBX 5,000 to GBX 4,200 and set an “overweight” rating on the stock in a research note on Thursday, April 2nd. Jefferies Financial Group dropped their price target on shares of The Berkeley Group from GBX 4,598 to GBX 4,531 and set a “buy” rating on the stock in a research note on Tuesday, May 5th. Royal Bank Of Canada upgraded shares of The Berkeley Group to a “sector perform” rating and set a GBX 3,900 price target on the stock in a research note on Wednesday, April 1st. Berenberg Bank dropped their price target on shares of The Berkeley Group from GBX 4,500 to GBX 4,000 and set a “buy” rating on the stock in a research note on Thursday, April 2nd. Finally, Bank of America upgraded shares of The Berkeley Group to a “buy” rating and dropped their price target for the company from GBX 4,080 to GBX 4,020 in a research note on Monday, March 30th.

Insider Buying and Selling

In other The Berkeley Group news, insider Rachel Downey purchased 575 shares of the company’s stock in a transaction that occurred on Wednesday, April 15th. The shares were bought at an average cost of GBX 3,449 per share, for a total transaction of £19,831.75. Also, insider Robert C. G. Perrins purchased 7,000 shares of the company’s stock in a transaction that occurred on Thursday, April 30th. The shares were acquired at an average price of GBX 3,168 per share, for a total transaction of £221,760. Insiders have purchased a total of 14,575 shares of company stock worth $46,874,175 over the last 90 days. 9.98% of the stock is currently owned by corporate insiders.

The Berkeley Group Stock Up 2.8%

The Berkeley Group stock opened at GBX 3,408 on Friday. The company has a market capitalization of £3.15 billion, a P/E ratio of 9.27, a P/E/G ratio of -0.87 and a beta of 1.19. The company has a quick ratio of 0.57, a current ratio of 3.54 and a debt-to-equity ratio of 18.94. The firm has a 50 day moving average price of GBX 3,344.69 and a 200-day moving average price of GBX 3,723.91. The Berkeley Group has a twelve month low of GBX 2,796 and a twelve month high of GBX 4,442.

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.