Berkeley Group Holdings PLC (LON:BKG)‘s stock had its “buy” rating restated by equities researchers at Canaccord Genuity in a note issued to investors on Tuesday. They currently have a GBX 2,750 ($35.90) target price on the stock. Canaccord Genuity’s price objective suggests a potential upside of 6.80% from the stock’s current price.
Several other equities analysts have also recently weighed in on the company. Deutsche Bank AG reiterated a “buy” rating and set a GBX 3,829 ($49.98) price objective on shares of Berkeley Group Holdings PLC in a report on Monday. Liberum Capital reissued a “buy” rating and issued a GBX 3,155 ($41.18) target price on shares of Berkeley Group Holdings PLC in a research report on Monday. Credit Suisse Group AG lifted their target price on Berkeley Group Holdings PLC from GBX 2,005 ($26.17) to GBX 2,162 ($28.22) and gave the company an “underperform” rating in a research report on Friday, September 23rd. Beaufort Securities reissued a “buy” rating on shares of Berkeley Group Holdings PLC in a research report on Wednesday, September 7th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 3,200 ($41.77) target price on shares of Berkeley Group Holdings PLC in a research report on Wednesday, September 7th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of GBX 3,296.46 ($43.03).
Berkeley Group Holdings PLC (LON:BKG) opened at 2575.00 on Tuesday. The firm’s market cap is GBX 3.55 billion. The company has a 50-day moving average price of GBX 2,614.11 and a 200-day moving average price of GBX 2,839.90. Berkeley Group Holdings PLC has a 12-month low of GBX 2,015.00 and a 12-month high of GBX 3,788.00.
In related news, insider Li,Adrian purchased 10,000 shares of the stock in a transaction on Friday, September 16th. The shares were purchased at an average price of GBX 2,570 ($33.55) per share, with a total value of £257,000 ($335,465.34). Also, insider Richard Stearn sold 10,030 shares of the business’s stock in a transaction that occurred on Friday, September 30th. The stock was sold at an average price of GBX 2,458 ($32.08), for a total value of £246,537.40 ($321,808.38).
Berkeley Group Holdings PLC Company Profile
The Berkeley Group Holdings plc is a holding company. The Company, along with its subsidiaries, is engaged in residential-led, mixed-use property development. Its segments include Residential-led mixed-use development and Other activities. Its brands include Berkeley, which creates medium to large-scale developments in towns, cities and the countryside, encompassing executive homes, mixed use schemes, riverside apartments, refurbished historic buildings and urban loft spaces; St George, which is involved in mixed use sustainable regeneration in London; St James, which handles projects that embrace private residential development, commercial property, recreational and community facilities; St Edward, which offers residentially led developments, and St William.
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