Jefferies Financial Group Reiterates “Buy” Rating for The Berkeley Group (LON:BKG)

The Berkeley Group (LON:BKG)‘s stock had its “buy” rating reaffirmed by analysts at Jefferies Financial Group in a research report issued on Thursday,London Stock Exchange reports. They currently have a GBX 4,531 price objective on the stock. Jefferies Financial Group’s price target would indicate a potential upside of 19.39% from the stock’s current price.

A number of other brokerages have also recently issued reports on BKG. Bank of America upgraded The Berkeley Group to a “buy” rating and cut their target price for the stock from GBX 4,080 to GBX 4,020 in a report on Monday, March 30th. JPMorgan Chase & Co. lowered their price objective on shares of 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 lowered their price objective on shares of The Berkeley Group from GBX 4,500 to GBX 4,000 and set a “buy” rating on the stock in a report on Thursday, April 2nd. Finally, Royal Bank Of Canada raised their price objective on shares of The Berkeley Group from GBX 3,850 to GBX 4,100 and gave the company an “outperform” rating in a research note on Thursday. Six analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of GBX 4,218.57.

The Berkeley Group Stock Up 2.2%

Shares of LON:BKG opened at GBX 3,795 on Thursday. The business’s 50 day simple moving average is GBX 3,378.73 and its two-hundred day simple moving average is GBX 3,712.38. The firm has a market cap of £3.51 billion, a P/E ratio of 10.33, a PEG ratio of -0.87 and a beta of 1.19. The company has a debt-to-equity ratio of 18.94, a quick ratio of 0.57 and a current ratio of 3.54. The Berkeley Group has a 52-week low of GBX 2,796 and a 52-week high of GBX 4,442.

The Berkeley Group (LON:BKG) last announced its quarterly earnings data on Wednesday, June 24th. The company reported GBX 331.60 EPS for the quarter. The firm had revenue of GBX 238.33 billion during the quarter. The Berkeley Group had a return on equity of 10.20% and a net margin of 15.29%.

Insider Activity at The Berkeley Group

In related news, insider Robert C. G. Perrins bought 7,000 shares of the company’s stock in a transaction dated Thursday, April 30th. The shares were bought at an average price of GBX 3,168 per share, for a total transaction of £221,760. Also, insider Rachel Downey bought 575 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The shares were bought at an average cost of GBX 3,449 per share, for a total transaction of £19,831.75. Over the last three months, insiders bought 14,575 shares of company stock valued at $46,874,175. Company insiders own 9.98% of the company’s stock.

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.