Citigroup Lowers The Berkeley Group (LON:BKG) Price Target to £365

The Berkeley Group (LON:BKG) had its target price cut by research analysts at Citigroup from £375.40 to £365 in a report issued on Friday,Digital Look reports. The firm currently has a “neutral” rating on the stock.

A number of other research analysts also recently weighed in on the stock. Royal Bank Of Canada upped their price objective on shares of The Berkeley Group from GBX 3,850 to GBX 4,100 and gave the stock an “outperform” rating in a research report on Thursday. Bank of America upgraded The Berkeley Group to a “buy” rating and cut their price target for the company from GBX 4,080 to GBX 4,020 in a research note on Monday, March 30th. JPMorgan Chase & Co. lowered their price target on The Berkeley Group from GBX 5,000 to GBX 4,200 and set an “overweight” rating on the stock in a research report on Thursday, April 2nd. Berenberg Bank reissued a “hold” rating and issued a GBX 4,000 price objective on shares of The Berkeley Group in a report on Friday. Finally, Jefferies Financial Group reissued a “buy” rating and issued a GBX 4,531 price objective on shares of The Berkeley Group in a report on Thursday. Five research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, The Berkeley Group currently has an average rating of “Moderate Buy” and an average target price of GBX 8,253.75.

The Berkeley Group Stock Performance

Shares of LON:BKG traded down GBX 162 during trading on Friday, hitting GBX 3,590. 1,517,621 shares of the stock traded hands, compared to its average volume of 4,047,152. The company has a quick ratio of 0.57, a current ratio of 3.58 and a debt-to-equity ratio of 18.24. The company has a fifty day moving average price of GBX 3,385.97 and a two-hundred day moving average price of GBX 3,712.65. The Berkeley Group has a 52-week low of GBX 2,796 and a 52-week high of GBX 4,442. The company has a market cap of £3.32 billion, a price-to-earnings ratio of 9.77, a P/E/G ratio of -0.87 and a beta of 1.19.

The Berkeley Group (LON:BKG) last announced its quarterly earnings results on Wednesday, June 24th. The company reported GBX 331.60 earnings per share (EPS) for the quarter. The firm had revenue of GBX 238.33 billion for the quarter. The Berkeley Group had a net margin of 13.36% and a return on equity of 8.79%.

Insider Activity at The Berkeley Group

In other news, insider Robert C. G. Perrins bought 7,000 shares of The Berkeley Group stock in a transaction on Thursday, April 30th. The stock was acquired at an average price of GBX 3,168 per share, with a total value of £221,760. Also, insider Rachel Downey bought 575 shares of The Berkeley Group stock in a transaction on Wednesday, April 15th. The shares were purchased at an average cost of GBX 3,449 per share, with a total value of £19,831.75. Over the last quarter, insiders have acquired 14,575 shares of company stock valued at $46,874,175. 9.98% 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.