The Berkeley Group (LON:BKG) Insider Rachel Downey Buys 575 Shares

The Berkeley Group Holdings plc (LON:BKG) insider Rachel Downey purchased 575 shares of the business’s stock in a transaction dated Wednesday, April 15th. The shares were purchased at an average cost of GBX 3,449 per share, for a total transaction of £19,831.75.

The Berkeley Group Trading Down 0.2%

LON BKG traded down GBX 8 during trading hours on Wednesday, hitting GBX 3,382. The company’s stock had a trading volume of 522,161 shares, compared to its average volume of 1,032,910. The stock has a fifty day moving average of GBX 3,853.34 and a 200 day moving average of GBX 3,899.42. The company has a quick ratio of 0.57, a current ratio of 3.54 and a debt-to-equity ratio of 18.94. The Berkeley Group Holdings plc has a twelve month low of GBX 2,796 and a twelve month high of GBX 4,442. The firm has a market capitalization of £3.18 billion, a P/E ratio of 9.20, a PEG ratio of -0.87 and a beta of 1.26.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Bank of America upgraded shares of The Berkeley Group to a “buy” rating and dropped their target price for the stock from GBX 4,080 to GBX 4,020 in a report on Monday, March 30th. JPMorgan Chase & Co. cut their price objective on shares of The Berkeley Group from GBX 5,000 to GBX 4,200 and set an “overweight” rating on the stock in a research report on Thursday, April 2nd. Royal Bank Of Canada upgraded The Berkeley Group to a “sector perform” rating and set a GBX 3,900 price objective for the company in a report on Wednesday, April 1st. Jefferies Financial Group restated a “buy” rating and issued a GBX 4,598 target price on shares of The Berkeley Group in a research note on Tuesday, April 7th. Finally, Berenberg Bank decreased their price target on shares of The Berkeley Group from GBX 4,500 to GBX 4,000 and set a “buy” rating for the company in a research note on Thursday, April 2nd. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, The Berkeley Group presently has an average rating of “Moderate Buy” and an average target price of GBX 4,199.57.

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.