The Berkeley Group (LON:BKG) Rating Reiterated by JPMorgan Chase & Co.

JPMorgan Chase & Co. restated their overweight rating on shares of The Berkeley Group (LON:BKGGet Rating) in a research report sent to investors on Wednesday, Marketbeat.com reports.

Other equities analysts have also recently issued reports about the company. Liberum Capital restated a buy rating and set a GBX 4,450 ($53.77) target price on shares of The Berkeley Group in a research report on Wednesday, May 25th. Deutsche Bank Aktiengesellschaft reiterated a buy rating and issued a GBX 5,535 ($66.88) price objective on shares of The Berkeley Group in a report on Thursday, June 23rd. Citigroup reiterated a buy rating and issued a GBX 4,665 ($56.37) price objective on shares of The Berkeley Group in a report on Thursday, June 23rd. Finally, Berenberg Bank upgraded The Berkeley Group to a buy rating and upped their price objective for the stock from GBX 4,120 ($49.78) to GBX 4,500 ($54.37) in a report on Monday, September 12th. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of Moderate Buy and a consensus price target of GBX 4,831.25 ($58.38).

The Berkeley Group Price Performance

The Berkeley Group stock opened at GBX 3,546 ($42.85) on Wednesday. The Berkeley Group has a 52 week low of GBX 3,357 ($40.56) and a 52 week high of GBX 4,919 ($59.44). The business has a 50-day simple moving average of GBX 3,875.94 and a 200 day simple moving average of GBX 3,935.97. The company has a quick ratio of 0.54, a current ratio of 3.16 and a debt-to-equity ratio of 21.23. The stock has a market cap of £3.86 billion and a price-to-earnings ratio of 864.96.

The Berkeley Group Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, September 9th. Shareholders of record on Thursday, August 18th were given a dividend of GBX 21.25 ($0.26) per share. This represents a yield of 0.51%. The ex-dividend date was Thursday, August 18th.

Insider Activity

In other The Berkeley Group news, insider Elizabeth Adekunle bought 554 shares of the company’s stock in a transaction dated Thursday, September 1st. The shares were purchased at an average price of GBX 3,585 ($43.32) per share, for a total transaction of £19,860.90 ($23,998.19). In other The Berkeley Group news, insider Elizabeth Adekunle bought 554 shares of the company’s stock in a transaction dated Thursday, September 1st. The shares were purchased at an average price of GBX 3,585 ($43.32) per share, for a total transaction of £19,860.90 ($23,998.19). Also, insider Andy Kemp bought 2,636 shares of the company’s stock in a transaction dated Monday, September 12th. The shares were acquired at an average price of GBX 3,604 ($43.55) per share, for a total transaction of £95,001.44 ($114,791.49).

About The Berkeley Group

(Get Rating)

The Berkeley Group Holdings plc, together with its subsidiaries, engages in the residential-led and mixed-use property development activities in the United Kingdom. The company is also involved in land selling activities. It operates under the Berkeley, St Edward, St George, St James, St Joseph, and St William brand names.

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Analyst Recommendations for The Berkeley Group (LON:BKG)

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