JPMorgan Chase & Co. Upgrades The Berkeley Group (LON:BKG) to Overweight

The Berkeley Group (LON:BKG) was upgraded by stock analysts at JPMorgan Chase & Co. to an “overweight” rating in a research note issued on Wednesday, MarketBeat.com reports. The brokerage presently has a GBX 5,000 price target on the stock, up from their prior price target of GBX 4,700. JPMorgan Chase & Co.‘s price target suggests a potential upside of 14.21% from the stock’s current price.

Several other equities research analysts have also recently weighed in on BKG. Royal Bank Of Canada cut The Berkeley Group to an “underperform” rating and reduced their price objective for the stock from GBX 4,900 to GBX 3,700 in a research note on Tuesday, December 2nd. The Goldman Sachs Group began coverage on The Berkeley Group in a report on Monday, November 24th. They set a “sell” rating and a GBX 3,714 price target on the stock. Three research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of GBX 4,475.80.

The Berkeley Group Price Performance

Shares of BKG stock traded up GBX 214 on Wednesday, reaching GBX 4,378. The company’s stock had a trading volume of 1,104,120 shares, compared to its average volume of 1,343,844. The stock’s fifty day simple moving average is GBX 3,911.20 and its 200-day simple moving average is GBX 3,840.96. The Berkeley Group has a 1 year low of GBX 3,484 and a 1 year high of GBX 4,380. The company has a market capitalization of £4.14 billion, a price-to-earnings ratio of 11.91, a price-to-earnings-growth ratio of -0.87 and a beta of 1.22. The company has a current ratio of 3.39, a quick ratio of 0.57 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 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.