The Berkeley Group (LON:BKG) Stock Crosses Below Two Hundred Day Moving Average – Should You Sell?

The Berkeley Group Holdings plc (LON:BKG)’s share price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 3,673.15 and traded as low as GBX 3,340. The Berkeley Group shares last traded at GBX 3,444, with a volume of 182,550 shares changing hands.

Analysts Set New Price Targets

A number of research firms have recently commented on BKG. Citigroup lowered their target price on The Berkeley Group from £375.40 to £365 and set a “neutral” rating for the company in a research note on Friday, June 26th. Jefferies Financial Group reduced their price target on The Berkeley Group from GBX 4,531 to GBX 4,517 and set a “buy” rating on the stock in a research note on Tuesday, July 7th. Bank of America upgraded The Berkeley Group to a “buy” rating and decreased their price objective for the stock from GBX 4,080 to GBX 4,020 in a report on Monday, March 30th. JPMorgan Chase & Co. lowered their price objective on The Berkeley Group from GBX 5,000 to GBX 4,200 and set an “overweight” rating for the company in a research report on Thursday, April 2nd. Finally, Royal Bank Of Canada upped their target price on shares of The Berkeley Group from GBX 3,850 to GBX 4,100 and gave the stock an “outperform” rating in a research report on Thursday, June 25th. Five research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of GBX 8,252.

The Berkeley Group Stock Performance

The company has a debt-to-equity ratio of 18.24, a quick ratio of 0.57 and a current ratio of 3.58. The stock has a market capitalization of £3.15 billion, a P/E ratio of 10.31, a PEG ratio of -0.87 and a beta of 1.19. The business has a 50-day moving average price of GBX 3,406.92 and a 200 day moving average price of GBX 3,669.80.

The Berkeley Group (LON:BKG) last posted its quarterly earnings data on Wednesday, June 24th. The company reported GBX 331.60 earnings per share for the quarter. The company had revenue of GBX 238.33 billion during the quarter. The Berkeley Group had a return on equity of 8.79% and a net margin of 13.36%.

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 purchased at an average cost of GBX 3,168 per share, for a total transaction of £221,760. 10.03% of the stock is owned by 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.