Royal Bank Of Canada Boosts The Berkeley Group (LON:BKG) Price Target to GBX 4,100

The Berkeley Group (LON:BKG) had its price target increased by research analysts at Royal Bank Of Canada from GBX 3,850 to GBX 4,100 in a research report issued to clients and investors on Thursday,Digital Look reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 7.72% from the stock’s previous close.

Several other research firms also recently weighed in on BKG. Berenberg Bank cut their price target on 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. JPMorgan Chase & Co. lowered their price objective on The Berkeley Group from GBX 5,000 to GBX 4,200 and set an “overweight” rating on the stock in a research note on Thursday, April 2nd. Jefferies Financial Group dropped their price objective on shares of The Berkeley Group from GBX 4,598 to GBX 4,531 and set a “buy” rating on the stock in a report on Tuesday, May 5th. Finally, Bank of America upgraded shares of The Berkeley Group to a “buy” rating and cut their target price for the stock from GBX 4,080 to GBX 4,020 in a research report on Monday, March 30th. Six analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, The Berkeley Group presently has an average rating of “Moderate Buy” and an average target price of GBX 4,218.57.

The Berkeley Group Price Performance

The Berkeley Group stock opened at GBX 3,806 on Thursday. The Berkeley Group has a 12 month low of GBX 2,796 and a 12 month high of GBX 4,442. The company has a current ratio of 3.54, a quick ratio of 0.57 and a debt-to-equity ratio of 18.94. The business’s 50 day simple moving average is GBX 3,378.73 and its 200 day simple moving average is GBX 3,712.38. The company has a market cap of £3.52 billion, a price-to-earnings ratio of 10.36, a PEG ratio of -0.87 and a beta of 1.19.

The Berkeley Group (LON:BKG) last released its 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 during the quarter. The Berkeley Group had a return on equity of 10.20% and a net margin of 15.29%.

Insider Buying and Selling at The Berkeley Group

In related news, insider Robert C. G. Perrins purchased 7,000 shares of The Berkeley Group stock in a transaction dated Thursday, April 30th. The stock was bought at an average cost of GBX 3,168 per share, for a total transaction of £221,760. Also, insider Rachel Downey acquired 575 shares of the firm’s stock in a transaction that occurred on Wednesday, April 15th. The shares were bought at an average price of GBX 3,449 per share, for a total transaction of £19,831.75. Over the last quarter, insiders bought 14,575 shares of company stock valued at $46,874,175. 9.98% of the stock is owned by company insiders.

The Berkeley Group Company Profile

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.