Berkeley Group (LON:BKG) was downgraded by equities research analysts at J P Morgan Chase & Co to a “neutral” rating in a research report issued to clients and investors on Thursday. They currently have a GBX 4,300 ($57.87) price objective on the stock, up from their previous price objective of GBX 4,000 ($53.84). J P Morgan Chase & Co’s target price indicates a potential upside of 4.81% from the company’s current price.

BKG has been the topic of a number of other research reports. Credit Suisse Group reaffirmed an “underperform” rating and issued a GBX 2,985 ($40.17) price target on shares of Berkeley Group in a report on Thursday, October 26th. Deutsche Bank boosted their target price on shares of Berkeley Group from GBX 3,951 ($53.18) to GBX 4,017 ($54.06) and gave the company a “hold” rating in a report on Monday. Jefferies Group cut shares of Berkeley Group to a “hold” rating and boosted their target price for the company from GBX 3,958 ($53.27) to GBX 4,214 ($56.72) in a report on Wednesday. Peel Hunt reissued a “buy” rating and set a GBX 4,390 ($59.08) target price on shares of Berkeley Group in a report on Wednesday, September 6th. Finally, Bank of America reissued an “underperform” rating and set a GBX 2,850 ($38.36) target price on shares of Berkeley Group in a report on Tuesday, September 12th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. Berkeley Group currently has a consensus rating of “Hold” and a consensus target price of GBX 3,704.17 ($49.85).

Berkeley Group (BKG) opened at GBX 4,102.77 ($55.22) on Thursday. Berkeley Group has a 1 year low of GBX 2,724 ($36.66) and a 1 year high of GBX 4,235 ($57.00).

Berkeley Group (LON:BKG) last posted its quarterly earnings results on Friday, December 8th. The company reported GBX 316.60 ($4.26) EPS for the quarter. The company had revenue of GBX 160.77 billion for the quarter. Berkeley Group had a net margin of 25.54% and a return on equity of 32.51%.

In other Berkeley Group news, insider Richard Stearn sold 10,030 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of GBX 3,754 ($50.52), for a total transaction of £376,526.20 ($506,764.74). Also, insider Robert C. G. Perrins sold 500,000 shares of the company’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of GBX 3,850 ($51.82), for a total transaction of £19,250,000 ($25,908,479.14). Over the last 90 days, insiders have sold 513,030 shares of company stock valued at $1,974,305,620.

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Berkeley Group 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.

Analyst Recommendations for Berkeley Group (LON:BKG)

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