The Berkeley Group (LON:BKG) Sets New 1-Year High on Analyst Upgrade

The Berkeley Group Holdings plc (LON:BKG)’s stock price reached a new 52-week high during trading on Wednesday after JPMorgan Chase & Co. upgraded the stock to an overweight rating. JPMorgan Chase & Co. now has a GBX 5,000 price target on the stock, up from their previous price target of GBX 4,700. The Berkeley Group traded as high as GBX 4,380 and last traded at GBX 4,358.24, with a volume of 1098810 shares. The stock had previously closed at GBX 4,164.

Other research analysts have also issued research reports about the stock. The Goldman Sachs Group started coverage on shares of The Berkeley Group in a research note on Monday, November 24th. They set a “sell” rating and a GBX 3,714 price objective on the stock. Royal Bank Of Canada lowered The Berkeley Group to an “underperform” rating and lowered their target price for the stock from GBX 4,900 to GBX 3,700 in a report on Tuesday, December 2nd. Three analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of GBX 4,475.80.

The Berkeley Group Price Performance

The company has a market cap of £3.99 billion, a PE ratio of 11.46, a price-to-earnings-growth ratio of -0.87 and a beta of 1.22. The stock has a fifty day moving average price of GBX 3,932.16 and a 200-day moving average price of GBX 3,848.51. The company has a debt-to-equity ratio of 18.66, a current ratio of 3.39 and a quick ratio of 0.57.

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

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.