Berkeley Group (BKG) Announces Earnings Results

Berkeley Group (LON:BKG) posted its earnings results on Friday. The company reported GBX 246 ($3.21) EPS for the quarter, Digital Look Earnings reports.

LON BKG opened at GBX 3,356 ($43.85) on Friday. Berkeley Group has a 12-month low of GBX 2,903 ($37.93) and a 12-month high of GBX 4,270 ($55.80).

The business also recently declared a dividend, which will be paid on Wednesday, January 16th. Shareholders of record on Thursday, December 20th will be issued a GBX 7.12 ($0.09) dividend. The ex-dividend date of this dividend is Thursday, December 20th. This represents a dividend yield of 0.21%.

A number of equities research analysts recently commented on BKG shares. Credit Suisse Group decreased their target price on shares of Berkeley Group from GBX 3,579 ($46.77) to GBX 3,433 ($44.86) and set an “underperform” rating for the company in a research report on Thursday, August 23rd. Deutsche Bank increased their target price on shares of Berkeley Group from GBX 4,014 ($52.45) to GBX 4,095 ($53.51) and gave the company a “hold” rating in a research report on Thursday, August 30th. Liberum Capital reissued a “hold” rating on shares of Berkeley Group in a research report on Wednesday, September 5th. Shore Capital reissued a “sell” rating on shares of Berkeley Group in a research report on Wednesday, September 5th. Finally, Peel Hunt reissued a “buy” rating on shares of Berkeley Group in a research report on Wednesday, September 5th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of GBX 3,891.25 ($50.85).

In other Berkeley Group news, insider Sean Ellis sold 5,463 shares of the firm’s stock in a transaction on Monday, October 1st. The shares were sold at an average price of GBX 3,587 ($46.87), for a total value of £195,957.81 ($256,053.59). Also, insider Peter Vernon purchased 609 shares of the firm’s stock in a transaction on Tuesday, October 23rd. The stock was bought at an average cost of GBX 3,263 ($42.64) per share, with a total value of £19,871.67 ($25,965.86).

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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. The company builds homes, neighbourhoods, communities, luxury homes, and affordable housing for families, first time buyers, students, and senior people in London and the south of England markets.

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