The Berkeley Group Holdings plc (LON:BKG) Given Average Recommendation of “Moderate Buy” by Brokerages

The Berkeley Group Holdings plc (LON:BKGGet Rating) has been assigned an average rating of “Moderate Buy” from the eight brokerages that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is GBX 4,517.43 ($53.42).

A number of equities research analysts recently weighed in on BKG shares. Deutsche Bank Aktiengesellschaft lowered shares of The Berkeley Group to a “hold” rating and lowered their price target for the company from GBX 5,535 ($65.45) to GBX 3,807 ($45.02) in a report on Thursday, October 20th. Berenberg Bank raised shares of The Berkeley Group to a “buy” rating and raised their price objective for the stock from GBX 4,120 ($48.72) to GBX 4,500 ($53.21) in a report on Monday, September 12th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating on shares of The Berkeley Group in a report on Wednesday, September 21st.

The Berkeley Group Price Performance

BKG opened at GBX 3,735 ($44.16) on Wednesday. The company has a fifty day simple moving average of GBX 3,495.56 and a 200 day simple moving average of GBX 3,789.91. The firm has a market cap of £4.06 billion and a price-to-earnings ratio of 908.76. The Berkeley Group has a twelve month low of GBX 3,120 ($36.89) and a twelve month high of GBX 4,919 ($58.16). The company has a current ratio of 3.16, a quick ratio of 0.54 and a debt-to-equity ratio of 21.23.

Insider Transactions at The Berkeley Group

In other news, insider Richard Stearn sold 2,901 shares of the firm’s stock in a transaction dated Friday, September 30th. The shares were sold at an average price of GBX 3,249 ($38.42), for a total value of £94,253.49 ($111,450.27). In other news, insider Richard Stearn sold 2,901 shares of the firm’s stock in a transaction dated Friday, September 30th. The shares were sold at an average price of GBX 3,249 ($38.42), for a total value of £94,253.49 ($111,450.27). Also, insider Elizabeth Adekunle purchased 554 shares of The Berkeley Group stock in a transaction dated Thursday, September 1st. The stock was acquired at an average price of GBX 3,585 ($42.39) per share, for a total transaction of £19,860.90 ($23,484.57).

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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