Deutsche Bank AG reiterated their buy rating on shares of Berkeley Group Holdings PLC (LON:BKG) in a research report released on Monday morning. The brokerage currently has a GBX 3,829 ($49.98) price objective on the stock.
A number of other equities research analysts have also recently weighed in on the company. HSBC reaffirmed a buy rating and issued a GBX 4,300 ($56.13) price objective on shares of Berkeley Group Holdings PLC in a research note on Monday, June 27th. Liberum Capital reaffirmed a buy rating on shares of Berkeley Group Holdings PLC in a research note on Tuesday, July 5th. Goldman Sachs Group Inc. reaffirmed a sell rating and issued a GBX 2,110 ($27.54) price objective on shares of Berkeley Group Holdings PLC in a research note on Tuesday, June 28th. JPMorgan Chase & Co. dropped their price objective on Berkeley Group Holdings PLC from GBX 3,750 ($48.95) to GBX 3,200 ($41.77) and set an overweight rating for the company in a research note on Monday, August 15th. Finally, Credit Suisse Group AG reaffirmed an underperform rating and issued a GBX 2,005 ($26.17) price objective (down from GBX 2,648 ($34.56)) on shares of Berkeley Group Holdings PLC in a research note on Thursday, June 30th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. Berkeley Group Holdings PLC presently has an average rating of Hold and a consensus target price of GBX 3,296.46 ($43.03).
Berkeley Group Holdings PLC (LON:BKG) opened at 2480.00 on Monday. The firm’s market capitalization is GBX 3.42 billion. Berkeley Group Holdings PLC has a one year low of GBX 2,015.00 and a one year high of GBX 3,788.00. The stock has a 50 day moving average price of GBX 2,614.78 and a 200-day moving average price of GBX 2,839.25.
In other Berkeley Group Holdings PLC news, insider Richard Stearn sold 10,030 shares of Berkeley Group Holdings PLC stock in a transaction dated Friday, September 30th. The stock was sold at an average price of GBX 2,458 ($32.08), for a total transaction of £246,537.40 ($321,808.38). Also, insider Li,Adrian purchased 10,000 shares of the firm’s stock in a transaction on Friday, September 16th. The shares were acquired at an average cost of GBX 2,570 ($33.55) per share, with a total value of £257,000 ($335,465.34).
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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