The Berkeley Group (LON:BKG) Shares Cross Above 200-Day Moving Average – Should You Sell?

The Berkeley Group Holdings plc (LON:BKG)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 3,823.61 and traded as high as GBX 4,158. The Berkeley Group shares last traded at GBX 4,110, with a volume of 21,509,299 shares changing hands.

Wall Street Analyst Weigh In

A number of brokerages recently commented on BKG. Royal Bank Of Canada lowered The Berkeley Group to an “underperform” rating and dropped their price target for the company from GBX 4,900 to GBX 3,700 in a research note on Tuesday, December 2nd. The Goldman Sachs Group initiated coverage on The Berkeley Group in a research report on Monday, November 24th. They set a “sell” rating and a GBX 3,714 target price for the company. Two equities research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of GBX 4,344.75.

The Berkeley Group Stock Up 0.3%

The stock has a market cap of £3.93 billion, a P/E ratio of 11.22, a P/E/G ratio of -0.87 and a beta of 1.22. The company’s 50 day moving average price is GBX 3,877.31 and its two-hundred day moving average price is GBX 3,823.61. The company has a quick ratio of 0.57, a current ratio of 3.39 and a debt-to-equity ratio of 18.66.

The Berkeley Group (LON:BKG) last released its quarterly earnings data on Wednesday, December 10th. The company reported GBX 183.70 earnings per share (EPS) for the quarter. The Berkeley Group had a net margin of 16.13% and a return on equity of 11.40%.

About The Berkeley Group

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.