The Berkeley Group (LON:BKG) Share Price Passes Above Two Hundred Day Moving Average of $4,569.78

The Berkeley Group Holdings plc (LON:BKG)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 4,569.78 ($56.89) and traded as high as GBX 4,602 ($57.29). The Berkeley Group shares last traded at GBX 4,542 ($56.54), with a volume of 229,437 shares traded.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on BKG shares. JPMorgan Chase & Co. downgraded shares of The Berkeley Group to a “neutral” rating in a research report on Friday, April 12th. Royal Bank of Canada cut shares of The Berkeley Group to an “underperform” rating and set a GBX 4,950 ($61.62) target price for the company. in a research note on Friday, April 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of GBX 4,614.86 ($57.45).

The Berkeley Group Stock Down 1.7 %

The firm has a market cap of £4.82 billion, a PE ratio of 1,078.86, a PEG ratio of -0.87 and a beta of 1.19. The business’s 50 day moving average price is GBX 4,658.82 and its 200 day moving average price is GBX 4,569.78. The company has a debt-to-equity ratio of 19.49, a current ratio of 3.57 and a quick ratio of 0.57.

The Berkeley Group Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 7th were paid a dividend of GBX 33 ($0.41) per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a yield of 0.72%. The Berkeley Group’s dividend payout ratio is presently 2,185.27%.

Insider Activity at The Berkeley Group

In other news, insider Sarah Sands purchased 319 shares of the company’s stock in a transaction dated Tuesday, March 26th. The stock was acquired at an average price of GBX 4,698 ($58.48) per share, with a total value of £14,986.62 ($18,656.32). 4.53% of the stock is owned by corporate insiders.

About The Berkeley Group

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