The Berkeley Group Holdings plc (LON:BKG – Get Free Report)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 5,040 ($63.31) and last traded at GBX 4,991.29 ($62.70), with a volume of 263442 shares. The stock had previously closed at GBX 4,802 ($60.32).
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on BKG. 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 The Berkeley Group to an “underperform” rating and set a GBX 4,950 ($62.18) price target for the company. in a report on Friday, April 12th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of GBX 4,614.86 ($57.97).
View Our Latest Stock Report on BKG
The Berkeley Group Price Performance
The Berkeley Group Cuts Dividend
The company also recently declared a dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 7th were given a GBX 33 ($0.41) dividend. This represents a dividend yield of 0.72%. The ex-dividend date of this dividend was Thursday, March 7th. The Berkeley Group’s dividend payout ratio is currently 2,185.27%.
Insider Buying and Selling
In other The Berkeley Group news, insider Sarah Sands bought 319 shares of the business’s stock in a transaction on Tuesday, March 26th. The stock was bought at an average price of GBX 4,698 ($59.01) per share, for a total transaction of £14,986.62 ($18,825.05). Insiders own 4.52% of the company’s stock.
The Berkeley Group Company Profile
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.
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