Berkeley Group Holdings PLC (BKG) Stock Rating Reaffirmed by Bank of America Corporation
Berkeley Group Holdings PLC (LON:BKG)‘s stock had its “underperform” rating reiterated by investment analysts at Bank of America Corporation in a report issued on Tuesday. They presently have a GBX 2,850 ($36.81) target price on the stock. Bank of America Corporation’s price objective suggests a potential downside of 19.70% from the stock’s previous close.
Other analysts also recently issued reports about the company. Liberum Capital restated a “hold” rating and issued a GBX 3,169 ($40.93) price target on shares of Berkeley Group Holdings PLC in a research note on Wednesday, June 21st. Shore Capital restated a “hold” rating on shares of Berkeley Group Holdings PLC in a research note on Wednesday, June 21st. J P Morgan Chase & Co restated an “overweight” rating and issued a GBX 3,600 ($46.49) price target on shares of Berkeley Group Holdings PLC in a research note on Thursday, June 22nd. Barclays PLC lifted their price target on Berkeley Group Holdings PLC from GBX 3,175 ($41.00) to GBX 3,628 ($46.86) and gave the company an “equal weight” rating in a research note on Thursday, July 13th. Finally, Deutsche Bank AG boosted their target price on Berkeley Group Holdings PLC from GBX 3,746 ($48.38) to GBX 3,908 ($50.47) and gave the stock a “buy” rating in a research report on Thursday, August 17th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company’s stock. Berkeley Group Holdings PLC has an average rating of “Hold” and a consensus target price of GBX 3,564.46 ($46.03).
Berkeley Group Holdings PLC (BKG) opened at 3540.00 on Tuesday. Berkeley Group Holdings PLC has a 1-year low of GBX 2,286.00 and a 1-year high of GBX 3,765.00. The firm’s market capitalization is GBX 4.86 billion. The company has a 50-day moving average price of GBX 3,626.36 and a 200 day moving average price of GBX 3,322.59.
In other news, insider Robert C. G. Perrins sold 500,000 shares of the company’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of GBX 3,575 ($46.17), for a total value of £17,875,000 ($23,085,367.43). Also, insider Glyn Barker sold 900 shares of the company’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of GBX 3,576 ($46.18), for a total value of £32,184 ($41,565.28).
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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