The Berkeley Group Holdings plc (LON:BKG) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of The Berkeley Group Holdings plc (LON:BKG) have been given an average rating of “Moderate Buy” by the seven ratings firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is GBX 4,190.

Several analysts have issued reports on BKG shares. Berenberg Bank cut 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 report on Thursday, April 2nd. Bank of America raised shares of The Berkeley Group to a “buy” rating and lowered their price objective for the company from GBX 4,080 to GBX 4,020 in a research note on Monday, March 30th. Jefferies Financial Group lowered their price objective on shares of The Berkeley Group from GBX 4,598 to GBX 4,531 and set a “buy” rating for the company in a research note on Tuesday, May 5th. JPMorgan Chase & Co. lowered 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. Finally, Royal Bank Of Canada raised shares of The Berkeley Group to a “sector perform” rating and set a GBX 3,900 price objective for the company in a research note on Wednesday, April 1st.

Insider Activity

In other news, insider Robert C. G. Perrins acquired 7,000 shares of the stock in a transaction dated Thursday, April 30th. The stock was purchased at an average cost of GBX 3,168 per share, with a total value of £221,760. Also, insider Rachel Downey acquired 575 shares of the stock in a transaction dated Wednesday, April 15th. The shares were purchased at an average cost of GBX 3,449 per share, with a total value of £19,831.75. Over the last ninety days, insiders have bought 14,575 shares of company stock valued at $46,874,175. Insiders own 8.11% of the company’s stock.

The Berkeley Group Stock Performance

LON BKG opened at GBX 3,368 on Tuesday. The company has a 50-day simple moving average of GBX 3,371.60 and a two-hundred day simple moving average of GBX 3,772.16. 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 has a 12-month low of GBX 2,796 and a 12-month high of GBX 4,442. The firm has a market cap of £3.12 billion, a price-to-earnings ratio of 9.16, a PEG ratio of -0.87 and a beta of 1.17.

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.