The Berkeley Group Holdings plc (LON:BKG) Given Average Rating of “Moderate Buy” by Brokerages

Shares of The Berkeley Group Holdings plc (LON:BKG) have received a consensus rating of “Moderate Buy” from the eight ratings firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is GBX 8,252.

A number of research analysts have commented on BKG shares. Citigroup cut their target price on shares of The Berkeley Group from £375.40 to £365 and set a “neutral” rating on the stock in a research report on Friday, June 26th. Jefferies Financial Group lowered their price target on shares of The Berkeley Group from GBX 4,531 to GBX 4,517 and set a “buy” rating for the company in a research report on Tuesday. Bank of America upgraded shares of The Berkeley Group to a “buy” rating and dropped their price objective for the company from GBX 4,080 to GBX 4,020 in a research note on Monday, March 30th. Royal Bank Of Canada lifted their price objective on shares of The Berkeley Group from GBX 3,850 to GBX 4,100 and gave the company an “outperform” rating in a report on Thursday, June 25th. Finally, JPMorgan Chase & Co. reduced 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.

Insider Buying and Selling at The Berkeley Group

In related news, insider Rachel Downey purchased 575 shares of The Berkeley Group stock in a transaction dated Wednesday, April 15th. The stock was purchased at an average cost of GBX 3,449 per share, with a total value of £19,831.75. Also, insider Robert C. G. Perrins acquired 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The shares were bought at an average price of GBX 3,168 per share, with a total value of £221,760. Over the last three months, insiders bought 14,575 shares of company stock valued at $46,874,175. Corporate insiders own 10.03% of the company’s stock.

The Berkeley Group Trading Down 2.2%

BKG opened at GBX 3,270 on Wednesday. The company has a quick ratio of 0.57, a current ratio of 3.58 and a debt-to-equity ratio of 18.24. The stock’s fifty day moving average is GBX 3,392.85 and its two-hundred day moving average is GBX 3,696.83. The company has a market capitalization of £3.02 billion, a P/E ratio of 9.88, a PEG ratio of -0.87 and a beta of 1.19. The Berkeley Group has a 52 week low of GBX 2,796 and a 52 week high of GBX 4,442.

The Berkeley Group (LON:BKG) last posted its quarterly earnings results on Wednesday, June 24th. The company reported GBX 331.60 earnings per share (EPS) for the quarter. The business had revenue of GBX 238.33 billion for the quarter. The Berkeley Group had a return on equity of 8.79% and a net margin of 13.36%.

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.