The Berkeley Group (LON:BKG) Stock Passes Above Two Hundred Day Moving Average of $4,569.78

Shares of The Berkeley Group Holdings plc (LON:BKG) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 4,569.78 ($56.89) and traded as high as GBX 4,602 ($57.29). The Berkeley Group shares last traded at GBX 4,542 ($56.54), with a volume of 229,437 shares trading hands.

Analysts Set New Price Targets

A number of research firms have commented on BKG. JPMorgan Chase & Co. downgraded shares of The Berkeley Group to a “neutral” rating in a report on Friday, April 12th. Royal Bank of Canada downgraded shares of The Berkeley Group to an “underperform” rating and set a GBX 4,950 ($61.62) price objective for the company. in a report on Friday, April 12th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of GBX 4,614.86 ($57.45).

The Berkeley Group Stock Performance

The firm’s 50 day moving average price is GBX 4,658.82 and its two-hundred day moving average price is GBX 4,573.99. The company has a debt-to-equity ratio of 19.49, a quick ratio of 0.57 and a current ratio of 3.57. The firm has a market cap of £4.82 billion, a PE ratio of 1,078.86, a PEG ratio of -0.87 and a beta of 1.19.

The Berkeley Group Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 7th were issued a GBX 33 ($0.41) dividend. The ex-dividend date was Thursday, March 7th. This represents a yield of 0.72%. The Berkeley Group’s dividend payout ratio (DPR) is presently 2,185.27%.

Insider Activity at The Berkeley Group

In other The Berkeley Group news, insider Sarah Sands purchased 319 shares of the company’s stock in a transaction on Tuesday, March 26th. The stock was acquired at an average price of GBX 4,698 ($58.48) per share, for a total transaction of £14,986.62 ($18,656.32). 4.53% of the stock is owned by insiders.

About The Berkeley Group

The Berkeley Group Holdings plc, together with its subsidiaries, engages in the residential-led and mixed-use property development and ancillary activities in the United Kingdom. The company is involved in land selling activities. It operates under the Berkeley, St Edward, St George, St James, St Joseph, and St William brand names.