Berkeley Group’s (BKG) “Add” Rating Reaffirmed at Peel Hunt

Peel Hunt restated their add rating on shares of Berkeley Group (LON:BKG) in a research report sent to investors on Tuesday, ThisIsMoney.Co.Uk reports.

BKG has been the subject of a number of other research reports. Shore Capital restated a hold rating on shares of Berkeley Group in a research report on Friday, September 6th. Jefferies Financial Group restated a buy rating and set a GBX 4,856 ($63.45) target price (up previously from GBX 4,391 ($57.38)) on shares of Berkeley Group in a research report on Friday, September 27th. UBS Group restated a buy rating on shares of Berkeley Group in a research report on Thursday, September 19th. Berenberg Bank lifted their target price on shares of Berkeley Group from GBX 3,280 ($42.86) to GBX 3,480 ($45.47) and gave the stock a hold rating in a research report on Friday, June 21st. Finally, Canaccord Genuity cut their target price on shares of Berkeley Group from GBX 3,980 ($52.01) to GBX 3,850 ($50.31) and set a buy rating for the company in a research report on Thursday, June 20th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of GBX 3,934.10 ($51.41).

Shares of BKG opened at GBX 4,466 ($58.36) on Tuesday. The company has a current ratio of 2.83, a quick ratio of 0.85 and a debt-to-equity ratio of 10.12. The stock has a market cap of $5.63 billion and a P/E ratio of 9.50. The company has a 50-day moving average of GBX 4,074.40 and a two-hundred day moving average of GBX 3,816.38. Berkeley Group has a 12-month low of GBX 3,170 ($41.42) and a 12-month high of GBX 4,270 ($55.80).

In other news, insider Anthony W. Pidgley sold 1,000,000 shares of the business’s stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of GBX 3,720 ($48.61), for a total value of £37,200,000 ($48,608,388.87). Also, insider Sean Ellis sold 31,295 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of GBX 3,897 ($50.92), for a total transaction of £1,219,566.15 ($1,593,579.18). In the last three months, insiders sold 1,334,597 shares of company stock valued at $5,046,381,237.

Berkeley Group Company Profile

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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