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

The Berkeley Group Holdings plc (LON:BKG) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 3,714.06 and traded as low as GBX 3,402. The Berkeley Group shares last traded at GBX 3,500, with a volume of 38,161,684 shares trading hands.

Analyst Upgrades and Downgrades

BKG has been the topic of several research reports. Royal Bank Of Canada upgraded shares of The Berkeley Group to a “sector perform” rating and set a GBX 3,900 price objective on the stock in a report on Wednesday, April 1st. JPMorgan Chase & Co. decreased their target price 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 report on Thursday, April 2nd. Berenberg Bank lowered their target price on shares of The Berkeley Group from GBX 4,500 to GBX 4,000 and set a “buy” rating on the stock in a report 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 report on Tuesday, May 5th. Finally, Bank of America raised 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 report on Monday, March 30th. Five 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 4,190.

The Berkeley Group Trading Up 0.1%

The company has a debt-to-equity ratio of 18.94, a current ratio of 3.54 and a quick ratio of 0.57. The company has a market capitalization of £3.23 billion, a P/E ratio of 9.50, a price-to-earnings-growth ratio of -0.87 and a beta of 1.19. The firm has a fifty day moving average price of GBX 3,373.57 and a 200-day moving average price of GBX 3,714.06.

Insider Buying and Selling at The Berkeley Group

In related news, insider Rachel Downey acquired 575 shares of the firm’s stock in a transaction that occurred on Wednesday, April 15th. The stock was acquired at an average price of GBX 3,449 per share, for a total transaction of £19,831.75. Also, insider Robert C. G. Perrins acquired 7,000 shares of the stock in a transaction on Thursday, April 30th. The stock was bought at an average cost of GBX 3,168 per share, for a total transaction of £221,760. Over the last ninety days, insiders have bought 14,575 shares of company stock valued at $46,874,175. Insiders own 9.98% of the company’s stock.

About The Berkeley Group

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.