Credit Suisse Group AG Reaffirms Underperform Rating for Berkeley Group Holdings PLC (BKG)
Berkeley Group Holdings PLC (LON:BKG)‘s stock had its “underperform” rating reaffirmed by Credit Suisse Group AG in a report released on Friday. They currently have a GBX 2,162 ($28.22) target price on the stock. Credit Suisse Group AG’s price target indicates a potential downside of 15.78% from the company’s current price.
BKG has been the topic of several other research reports. Canaccord Genuity cut their target price on Berkeley Group Holdings PLC from GBX 4,180 ($54.56) to GBX 4,070 ($53.13) and set a “buy” rating on the stock in a research report on Tuesday, June 21st. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 3,750 ($48.95) target price on shares of Berkeley Group Holdings PLC in a research report on Monday, June 13th. Deutsche Bank AG reissued a “buy” rating and set a GBX 4,185 ($54.63) target price on shares of Berkeley Group Holdings PLC in a research report on Tuesday, June 14th. Peel Hunt reissued a “buy” rating and set a GBX 4,580 ($59.78) target price on shares of Berkeley Group Holdings PLC in a research report on Wednesday, June 15th. Finally, Liberum Capital reissued a “hold” rating and set a GBX 3,096 ($40.41) target price on shares of Berkeley Group Holdings PLC in a research report on Wednesday, June 15th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company’s stock. The company 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) opened at 2567.00 on Friday. The stock’s market cap is GBX 3.54 billion. The company has a 50-day moving average price of GBX 2,614.78 and a 200-day moving average price of GBX 2,839.25. Berkeley Group Holdings PLC has a 52 week low of GBX 2,015.00 and a 52 week high of GBX 3,788.00.
In other Berkeley Group Holdings PLC news, insider Li,Adrian acquired 10,000 shares of the business’s stock in a transaction 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). Also, insider Richard Stearn sold 10,030 shares of the company’s stock in a transaction on Friday, September 30th. The shares were sold at an average price of GBX 2,458 ($32.08), for a total value of £246,537.40 ($321,808.38).
Berkeley Group Holdings PLC Company Profile
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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