Berkeley Group (BKG) Price Target Raised to GBX 3,877 at Barclays

Berkeley Group (LON:BKG) had its price objective upped by Barclays from GBX 3,873 ($50.61) to GBX 3,877 ($50.66) in a research report sent to investors on Monday. The brokerage currently has an underweight rating on the stock.

Several other analysts have also issued reports on the stock. UBS Group restated a buy rating on shares of Berkeley Group in a research report on Wednesday, January 2nd. Peel Hunt restated a buy rating on shares of Berkeley Group in a research report on Tuesday, October 30th. Credit Suisse Group restated an underperform rating on shares of Berkeley Group in a research report on Wednesday, December 12th. Liberum Capital restated a hold rating on shares of Berkeley Group in a research report on Tuesday, October 30th. Finally, Berenberg Bank cut their price target on shares of Berkeley Group from GBX 3,450 ($45.08) to GBX 3,280 ($42.86) and set a hold rating for the company in a research report on Monday, January 28th. Five analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of GBX 3,708.64 ($48.46).

LON BKG opened at GBX 3,846 ($50.25) on Monday. Berkeley Group has a 12-month low of GBX 2,903 ($37.93) and a 12-month high of GBX 4,270 ($55.80).

Berkeley Group (LON:BKG) last posted its quarterly earnings results on Friday, December 7th. The company reported GBX 246 ($3.21) earnings per share (EPS) for the quarter.

The company also recently announced a dividend, which was paid on Wednesday, January 16th. Stockholders of record on Thursday, December 20th were issued a dividend of GBX 7.12 ($0.09) per share. The ex-dividend date of this dividend was Thursday, December 20th. This represents a dividend yield of 0.21%.

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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