Brokerages Set The Berkeley Group Holdings plc (LON:BKG) Target Price at GBX 8,252

Shares of The Berkeley Group Holdings plc (LON:BKG) have been assigned an average recommendation of “Moderate Buy” from the eight brokerages that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is GBX 8,252.

Several research analysts recently weighed in on BKG shares. Berenberg Bank reiterated a “hold” rating and issued a GBX 4,000 price objective on shares of The Berkeley Group in a research report on Friday, June 26th. JPMorgan Chase & Co. reduced their target price 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. Bank of America raised The Berkeley Group to a “buy” rating and decreased their price target for the company from GBX 4,080 to GBX 4,020 in a research note on Monday, March 30th. Royal Bank Of Canada increased their price target on The Berkeley Group from GBX 3,850 to GBX 4,100 and gave the stock an “outperform” rating in a report on Thursday, June 25th. Finally, Citigroup cut their price objective on The Berkeley Group from £375.40 to £365 and set a “neutral” rating for the company in a research report on Friday, June 26th.

Insider Activity

In related news, insider Robert C. G. Perrins purchased 7,000 shares of The Berkeley Group stock in a transaction dated Thursday, April 30th. The shares were acquired at an average cost of GBX 3,168 per share, with a total value of £221,760. Company insiders own 10.03% of the company’s stock.

The Berkeley Group Trading Up 1.3%

Shares of BKG stock opened at GBX 3,392 on Wednesday. The stock has a 50 day simple moving average of GBX 3,404.29 and a 200-day simple moving average of GBX 3,676.29. The Berkeley Group has a 1-year low of GBX 2,796 and a 1-year high of GBX 4,442. The company has a market cap of £3.13 billion, a price-to-earnings ratio of 10.24, a PEG ratio of -0.87 and a beta of 1.19. The company has a debt-to-equity ratio of 18.24, a current ratio of 3.58 and a quick ratio of 0.57.

The Berkeley Group (LON:BKG) last released its earnings results on Wednesday, June 24th. The company reported GBX 331.60 earnings per share for the quarter. The business 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%.

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.