Deutsche Bank AG Reaffirms “Buy” Rating for Berkeley Group Holdings PLC (BKG)
Berkeley Group Holdings PLC (LON:BKG)‘s stock had its “buy” rating reaffirmed by Deutsche Bank AG in a research report issued on Monday. They presently have a GBX 3,829 ($49.98) price objective on the stock. Deutsche Bank AG’s target price suggests a potential upside of 46.87% from the company’s previous close.
Several other brokerages have also issued reports on BKG. Jefferies Group restated a “buy” rating and issued a GBX 3,328 ($43.44) target price on shares of Berkeley Group Holdings PLC in a research note on Monday, June 27th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 3,750 ($48.95) price target on shares of Berkeley Group Holdings PLC in a research report on Monday, June 13th. Liberum Capital reiterated a “buy” rating and issued a GBX 3,155 ($41.18) price target on shares of Berkeley Group Holdings PLC in a research report on Monday. Canaccord Genuity reiterated a “buy” rating and issued a GBX 4,180 ($54.56) price target on shares of Berkeley Group Holdings PLC in a research report on Wednesday, June 15th. Finally, Credit Suisse Group AG reiterated an “underperform” rating and issued a GBX 2,645 ($34.53) price target on shares of Berkeley Group Holdings PLC in a research report on Thursday, June 16th. Two analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of GBX 3,406.46 ($44.46).
Berkeley Group Holdings PLC (LON:BKG) traded down 0.27% during trading on Monday, reaching GBX 2573.00. The company’s stock had a trading volume of 447,764 shares. Berkeley Group Holdings PLC has a 52-week low of GBX 2,015.00 and a 52-week high of GBX 3,788.00. The stock has a 50-day moving average price of GBX 2,609.03 and a 200 day moving average price of GBX 2,856.21. The company’s market cap is GBX 3.55 billion.
In other news, insider Richard Stearn sold 10,030 shares of the business’s stock in a transaction dated Friday, September 30th. The stock was sold at an average price of GBX 2,458 ($32.08), for a total value of £246,537.40 ($321,808.38). Also, insider Li,Adrian bought 10,000 shares of the stock in a transaction dated Friday, September 16th. The stock was bought at an average cost of GBX 2,570 ($33.55) per share, with a total value of £257,000 ($335,465.34).
About Berkeley Group Holdings PLC
The Berkeley Group Holdings plc is a holding company. The Company, along with its subsidiaries, is engaged in residential-led, mixed-use property development. Its segments include Residential-led mixed-use development and Other activities. Its brands include Berkeley, which creates medium to large-scale developments in towns, cities and the countryside, encompassing executive homes, mixed use schemes, riverside apartments, refurbished historic buildings and urban loft spaces; St George, which is involved in mixed use sustainable regeneration in London; St James, which handles projects that embrace private residential development, commercial property, recreational and community facilities; St Edward, which offers residentially led developments, and St William.
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