Shares of The Berkeley Group Holdings plc (LON:BKG – Get Rating) have earned an average recommendation of “Moderate Buy” from the six analysts that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is GBX 4,624.40 ($57.52).
A number of brokerages have recently issued reports on BKG. Liberum Capital restated a “buy” rating and issued a GBX 4,750 ($59.08) price objective on shares of The Berkeley Group in a research note on Monday, February 13th. JPMorgan Chase & Co. increased their price objective on shares of The Berkeley Group from GBX 4,500 ($55.97) to GBX 4,800 ($59.70) and gave the company an “overweight” rating in a research note on Tuesday, April 18th. Berenberg Bank increased their target price on shares of The Berkeley Group from GBX 4,500 ($55.97) to GBX 5,100 ($63.43) and gave the stock a “buy” rating in a research report on Thursday, May 11th. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of The Berkeley Group in a research report on Monday, February 13th.
The Berkeley Group Price Performance
Shares of The Berkeley Group stock opened at GBX 3,975 ($49.44) on Wednesday. The company has a debt-to-equity ratio of 20.73, a current ratio of 3.36 and a quick ratio of 0.57. The Berkeley Group has a fifty-two week low of GBX 3,120 ($38.81) and a fifty-two week high of GBX 4,549 ($56.58). The firm has a fifty day moving average price of GBX 4,253.18 and a two-hundred day moving average price of GBX 4,093.03. The company has a market cap of £4.28 billion, a PE ratio of 979.06, a price-to-earnings-growth ratio of -0.87 and a beta of 1.11.
About The Berkeley Group
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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