The Berkeley Group (LON:BKG) Shares Cross Below 200 Day Moving Average – Here’s What Happened

The Berkeley Group Holdings plc (LON:BKG)’s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 3,740.06 and traded as low as GBX 3,398. The Berkeley Group shares last traded at GBX 3,480, with a volume of 188,934 shares changing hands.

Wall Street Analysts Forecast Growth

BKG has been the topic of a number of research reports. Royal Bank Of Canada raised shares of The Berkeley Group to a “sector perform” rating and set a GBX 3,900 target price on the stock in a research report on Wednesday, April 1st. Bank of America raised The Berkeley Group to a “buy” rating and dropped their price objective for the stock from GBX 4,080 to GBX 4,020 in a research note on Monday, March 30th. JPMorgan Chase & Co. reduced their price objective on The Berkeley Group from GBX 5,000 to GBX 4,200 and set an “overweight” rating on the stock in a report on Thursday, April 2nd. Berenberg Bank decreased their target price on The Berkeley Group from GBX 4,500 to GBX 4,000 and set a “buy” rating for the company in a research report on Thursday, April 2nd. Finally, Jefferies Financial Group lowered their target price on The Berkeley Group from GBX 4,598 to GBX 4,531 and set a “buy” rating for the company in a report on Tuesday, May 5th. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 4,190.

The Berkeley Group Price Performance

The company has a current ratio of 3.54, a quick ratio of 0.57 and a debt-to-equity ratio of 18.94. The firm’s 50-day moving average price is GBX 3,343.95 and its two-hundred day moving average price is GBX 3,740.06. The stock has a market cap of £3.25 billion, a PE ratio of 9.57, a PEG ratio of -0.87 and a beta of 1.17.

Insiders Place Their Bets

In related news, insider Robert C. G. Perrins purchased 7,000 shares of the business’s stock in a transaction dated Thursday, April 30th. The shares were acquired at an average cost of GBX 3,168 per share, for a total transaction of £221,760. Also, insider Rachel Downey purchased 575 shares of The Berkeley Group stock in a transaction dated Wednesday, April 15th. The stock was bought at an average cost of GBX 3,449 per share, with a total value of £19,831.75. In the last 90 days, insiders have acquired 14,575 shares of company stock valued at $46,874,175. 8.11% of the stock is owned by company insiders.

The Berkeley Group Company Profile

At Berkeley Group we build homes and neighbourhoods across London, Birmingham and the South of England.

Our passion and purpose is to build quality homes, strengthen communities and make a positive difference to people’s lives. We use our sustained commercial success to make valuable and enduring contributions that benefit all our stakeholders.

We specialise in brownfield regeneration, working closely with local communities and councils to revive underused land and create homes where they are needed most.