Shore Capital Reaffirms Hold Rating for Berkeley Group (LON:BKG)

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Shore Capital reiterated their hold rating on shares of Berkeley Group (LON:BKG) in a report released on Friday, Stock Target Advisor reports.

A number of other research firms have also issued reports on BKG. Liberum Capital lowered shares of Berkeley Group to a sell rating and upped their target price for the stock from GBX 3,750 ($49.00) to GBX 4,000 ($52.27) in a report on Thursday. Deutsche Bank began coverage on shares of Berkeley Group in a research note on Wednesday, September 4th. They issued a sell rating and a GBX 3,428 ($44.79) price target on the stock. Jefferies Financial Group restated a buy rating and set a GBX 4,856 ($63.45) price target (up from GBX 4,391 ($57.38)) on shares of Berkeley Group in a research report on Friday, September 27th. UBS Group reaffirmed a buy rating and set a GBX 5,100 ($66.64) price objective (up previously from GBX 4,800 ($62.72)) on shares of Berkeley Group in a research note on Friday, November 29th. Finally, HSBC cut shares of Berkeley Group to a hold rating in a research note on Friday, November 22nd. Six investment analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. Berkeley Group has a consensus rating of Hold and an average target price of GBX 3,991 ($52.15).

Shares of BKG stock opened at GBX 4,550 ($59.45) on Friday. Berkeley Group has a fifty-two week low of GBX 3,208 ($41.92) and a fifty-two week high of GBX 4,728 ($61.78). The company has a debt-to-equity ratio of 10.12, a quick ratio of 0.85 and a current ratio of 2.83. The stock’s fifty day moving average is GBX 4,510.88 and its two-hundred day moving average is GBX 4,004.30. The firm has a market capitalization of $5.74 billion and a P/E ratio of 9.68.

In other Berkeley Group news, insider Glyn Barker sold 1,802 shares of Berkeley Group stock in a transaction dated Friday, September 13th. The shares were sold at an average price of GBX 4,161 ($54.37), for a total transaction of £74,981.22 ($97,976.24). Also, insider Anthony W. Pidgley sold 1,000,000 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of GBX 4,200 ($54.88), for a total transaction of £42,000,000 ($54,880,439.04).

About Berkeley Group

The Berkeley Group Holdings plc, together with its subsidiaries, engages in the residential-led and mixed-use property development activities in the United Kingdom. It operates under the Berkeley, St Edward, St George, St James, St Joseph, St William, Berkeley First, Berkeley Commercial, Berkeley Partnership, and Berkeley Modular brands.

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Analyst Recommendations for Berkeley Group (LON:BKG)

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