The Berkeley Group (LON:BKG) Stock Breaks Below Two Hundred Day Moving Average – What’s Next?

The Berkeley Group Holdings plc (LON:BKG)’s stock price passed below its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of GBX 3,412.86 and traded as low as GBX 3,164. The Berkeley Group shares last traded at GBX 3,182, with a volume of 247,637 shares trading hands.

Analyst Ratings Changes

Several analysts recently issued reports on BKG shares. Royal Bank Of Canada increased their price target on The Berkeley Group from GBX 3,850 to GBX 4,100 and gave the company an “outperform” rating in a report on Thursday, June 25th. Citigroup reduced their price objective on The Berkeley Group from £375.40 to £365 and set a “neutral” rating on the stock in a research note on Friday, June 26th. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 4,000 target price on shares of The Berkeley Group in a research report on Friday, June 26th. Finally, Jefferies Financial Group lowered their target price on The Berkeley Group from GBX 4,517 to GBX 4,301 and set a “buy” rating for the company in a research note on Monday, September 28th. Four 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.com, the company presently has a consensus rating of “Hold” and an average price target of GBX 8,690.71.

The Berkeley Group Stock Performance

The firm has a market cap of £2.90 billion, a price-to-earnings ratio of 9.64, a PEG 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 company has a 50 day moving average of GBX 3,446.13 and a 200 day moving average of GBX 3,409.65.

Insider Buying and Selling

In other The Berkeley Group news, insider Neil Eady bought 3,405 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were bought at an average cost of GBX 3,515 per share, with a total value of £119,685.75. Also, insider Richard Stearn purchased 1,128 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The shares were bought at an average cost of GBX 3,526 per share, with a total value of £39,773.28. Over the last ninety days, insiders acquired 5,097 shares of company stock worth $17,931,747. 8.42% of the stock is currently owned by corporate 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.