The Berkeley Group (LON:BKG) Hits New 12-Month High at $5,175.00

Shares of The Berkeley Group Holdings plc (LON:BKG) hit a new 52-week high on Thursday . The stock traded as high as GBX 5,175 ($65.01) and last traded at GBX 5,165 ($64.89), with a volume of 584852 shares. The stock had previously closed at GBX 5,115 ($64.26).

Analysts Set New Price Targets

BKG has been the subject of several recent research reports. JPMorgan Chase & Co. lowered 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 ($62.19) price target for the company. in a research report on Friday, April 12th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of GBX 4,614.86 ($57.98).

The Berkeley Group Trading Down 0.4 %

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 stock has a market cap of £5.45 billion, a P/E ratio of 1,226.84, a P/E/G ratio of -0.87 and a beta of 1.19. The firm’s 50 day moving average price is GBX 4,691.18 and its 200-day moving average price is GBX 4,643.71.

The Berkeley Group Cuts Dividend

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

Insiders Place Their Bets

In other news, insider Sarah Sands purchased 319 shares of the stock in a transaction dated Tuesday, March 26th. The shares were purchased at an average cost of GBX 4,698 ($59.02) per share, with a total value of £14,986.62 ($18,827.41). 4.52% of the stock is currently owned by 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.