Berkeley Group Holdings PLC (BKG) Given “Buy” Rating at Liberum Capital
Liberum Capital reaffirmed their buy rating on shares of Berkeley Group Holdings PLC (LON:BKG) in a report released on Monday. Liberum Capital currently has a GBX 3,155 ($41.18) price objective on the stock.
A number of other equities research analysts have also weighed in on the stock. HSBC reissued a buy rating and set a GBX 4,300 ($56.13) target price on shares of Berkeley Group Holdings PLC in a report on Monday, June 27th. Goldman Sachs Group Inc. reissued a sell rating and set a GBX 2,110 ($27.54) target price on shares of Berkeley Group Holdings PLC in a report on Tuesday, June 28th. JPMorgan Chase & Co. reduced their target price on shares of Berkeley Group Holdings PLC from GBX 3,750 ($48.95) to GBX 3,200 ($41.77) and set an overweight rating on the stock in a report on Monday, August 15th. Deutsche Bank AG reissued a buy rating and set a GBX 3,981 ($51.96) target price on shares of Berkeley Group Holdings PLC in a report on Monday, July 4th. Finally, Credit Suisse Group AG reissued an underperform rating and set a GBX 2,005 ($26.17) target price (down from GBX 2,648 ($34.56)) on shares of Berkeley Group Holdings PLC in a report on Thursday, June 30th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company. Berkeley Group Holdings PLC presently has an average rating of Hold and an average target price of GBX 3,296.46 ($43.03).
Shares of Berkeley Group Holdings PLC (LON:BKG) traded up 1.48% during midday trading on Monday, hitting GBX 2608.00. 451,043 shares of the company were exchanged. Berkeley Group Holdings PLC has a one year low of GBX 2,015.00 and a one year high of GBX 3,788.00. The firm’s 50 day moving average price is GBX 2,612.50 and its 200 day moving average price is GBX 2,848.89. The firm’s market capitalization is GBX 3.60 billion.
In related news, insider Richard Stearn sold 10,030 shares of the stock in a transaction dated Friday, September 30th. The shares were sold at an average price of GBX 2,458 ($32.08), for a total transaction of £246,537.40 ($321,808.38). Also, insider Li,Adrian purchased 10,000 shares of Berkeley Group Holdings PLC stock in a transaction that occurred on Friday, September 16th. The shares were bought at an average price 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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