The Berkeley Group (LON:BKG) Stock Price Target Cut by Jefferies Financial Group

The Berkeley Group (LON:BKG) had its price target decreased by analysts at Jefferies Financial Group from GBX 4,517 to GBX 4,301 in a note issued to investors on Monday, Marketbeat reports. The firm currently has a “buy” rating on the stock. Jefferies Financial Group’s price target would indicate a potential upside of 28.16% from the company’s previous close.

A number of other research analysts also recently issued reports on the stock. Citigroup decreased their price target on shares of The Berkeley Group from £375.40 to £365 and set a “neutral” rating for the company in a research note on Friday, June 26th. Berenberg Bank reissued a “hold” rating and issued a GBX 4,000 target price on shares of The Berkeley Group in a report on Friday, June 26th. Finally, Royal Bank Of Canada raised their price target on The Berkeley Group from GBX 3,850 to GBX 4,100 and gave the company an “outperform” rating in a research note on Thursday, June 25th. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of GBX 8,690.71.

The Berkeley Group Stock Performance

Shares of BKG stock opened at GBX 3,356 on Monday. The stock has a market capitalization of £3.06 billion, a PE ratio of 10.14, a P/E/G ratio of -0.87 and a beta of 1.19. The company has a quick ratio of 0.57, a current ratio of 3.58 and a debt-to-equity ratio of 18.24. The Berkeley Group has a 52 week low of GBX 2,796 and a 52 week high of GBX 4,442. The firm has a 50 day moving average of GBX 3,465.24 and a two-hundred day moving average of GBX 3,425.69.

Insider Transactions at The Berkeley Group

In other The Berkeley Group news, insider Richard Stearn acquired 1,128 shares of the stock in a transaction on Tuesday, August 11th. The shares were bought at an average price of GBX 3,526 per share, with a total value of £39,773.28. Also, insider Neil Eady bought 3,405 shares of the company’s stock in a transaction on Tuesday, August 11th. The shares were acquired at an average price of GBX 3,515 per share, for a total transaction of £119,685.75. Over the last quarter, insiders have bought 5,097 shares of company stock worth $17,931,747. Company insiders own 8.42% of the company’s stock.

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.