The Berkeley Group Holdings plc (LON:BKG) Receives GBX 4,865.50 Average Price Target from Brokerages

The Berkeley Group Holdings plc (LON:BKGGet Rating) has been given a consensus recommendation of “Buy” by the ten brokerages that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is GBX 4,865.50 ($59.99).

A number of research firms have weighed in on BKG. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 5,429 ($66.93) target price on shares of The Berkeley Group in a research note on Monday, March 14th. Morgan Stanley dropped their price objective on The Berkeley Group from GBX 4,750 ($58.56) to GBX 4,550 ($56.10) and set an “underweight” rating on the stock in a research note on Thursday, January 20th. Berenberg Bank reissued a “hold” rating and issued a GBX 4,120 ($50.80) target price on shares of The Berkeley Group in a research report on Monday, January 31st. JPMorgan Chase & Co. dropped their price target on The Berkeley Group from GBX 5,540 ($68.30) to GBX 5,300 ($65.34) and set an “overweight” rating on the stock in a research report on Friday, March 25th. Finally, Barclays reiterated an “equal weight” rating and set a GBX 4,700 ($57.95) price target on shares of The Berkeley Group in a research note on Friday, January 28th.

Shares of LON:BKG traded up GBX 69 ($0.85) during midday trading on Friday, reaching GBX 3,987 ($49.16). The company had a trading volume of 120,408 shares, compared to its average volume of 373,017. The stock has a market cap of £4.44 billion and a P/E ratio of 9.97. The company’s 50 day moving average price is GBX 3,958.72 and its 200 day moving average price is GBX 4,217.05. The company has a current ratio of 2.86, a quick ratio of 0.75 and a debt-to-equity ratio of 13.78. The Berkeley Group has a 52-week low of GBX 3,490 ($43.03) and a 52-week high of GBX 5,232 ($64.50).

The Berkeley Group Company Profile (Get Rating)

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, and St William brand names. The company was founded in 1976 and is headquartered in Cobham, the United Kingdom.

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Analyst Recommendations for The Berkeley Group (LON:BKG)

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