The Berkeley Group (LON:BKG) Stock Price Passes Below 200-Day Moving Average – Here’s Why

The Berkeley Group Holdings plc (LON:BKG) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 3,740.06 and traded as low as GBX 3,398. The Berkeley Group shares last traded at GBX 3,480, with a volume of 188,934 shares traded.

Analyst Upgrades and Downgrades

BKG has been the topic of several analyst reports. Jefferies Financial Group reduced their price objective on 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 The Berkeley Group to a “sector perform” rating and set a GBX 3,900 target price for the company in a report on Wednesday, April 1st. Bank of America upgraded The Berkeley Group to a “buy” rating and decreased their price target for the company from GBX 4,080 to GBX 4,020 in a report on Monday, March 30th. Berenberg Bank lowered their price target on The Berkeley Group from GBX 4,500 to GBX 4,000 and set a “buy” rating for the company in a research report on Thursday, April 2nd. Finally, JPMorgan Chase & Co. dropped their price objective on shares of The Berkeley Group from GBX 5,000 to GBX 4,200 and set an “overweight” rating for the company in a research note on Thursday, April 2nd. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 4,190.

The Berkeley Group Trading Up 1.0%

The company’s 50 day simple moving average is GBX 3,343.95 and its 200-day simple moving average is GBX 3,740.06. The firm has a market cap of £3.25 billion, a P/E ratio of 9.57, a P/E/G ratio of -0.87 and a beta of 1.17. The company has a quick ratio of 0.57, a current ratio of 3.54 and a debt-to-equity ratio of 18.94.

Insider Buying and Selling

In other The Berkeley Group news, insider Rachel Downey acquired 575 shares of the business’s stock in a transaction on Wednesday, April 15th. The shares were bought at an average price of GBX 3,449 per share, with a total value of £19,831.75. Also, insider Robert C. G. Perrins bought 7,000 shares of The Berkeley Group stock in a transaction on Thursday, April 30th. The stock was 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 valued at $46,874,175 over the last three months. 8.11% of the stock is owned by corporate insiders.

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.