Jefferies Group downgraded shares of Berkeley Group (LON:BKG) to a hold rating in a research note released on Wednesday. The brokerage currently has GBX 4,214 ($56.72) target price on the stock, up from their prior target price of GBX 3,958 ($53.27).

A number of other equities analysts have also recently weighed in on the stock. Bank of America reissued an underperform rating and issued a GBX 2,850 ($38.36) price objective on shares of Berkeley Group in a research report on Tuesday, September 12th. Peel Hunt reissued a buy rating and issued a GBX 4,390 ($59.08) price objective on shares of Berkeley Group in a research report on Wednesday, September 6th. Shore Capital reissued a hold rating on shares of Berkeley Group in a research report on Wednesday, November 8th. Barclays cut shares of Berkeley Group to an underweight rating and set a GBX 3,628 ($48.83) price objective for the company. in a research report on Monday, October 30th. Finally, Credit Suisse Group reissued an underperform rating and issued a GBX 2,985 ($40.17) price objective on shares of Berkeley Group in a research report on Thursday, October 26th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of GBX 3,704.17 ($49.85).

Berkeley Group (LON:BKG) traded up GBX 59 ($0.79) during trading hours on Wednesday, reaching GBX 4,160 ($55.99). 1,680,441 shares of the company’s stock were exchanged, compared to its average volume of 818,250. Berkeley Group has a one year low of GBX 2,724 ($36.66) and a one year high of GBX 4,235 ($57.00).

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

In related news, insider Alison Nimmo sold 2,000 shares of the stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of GBX 3,775 ($50.81), for a total transaction of £75,500 ($101,615.07). Also, insider Robert C. G. Perrins sold 500,000 shares of the stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of GBX 3,850 ($51.82), for a total transaction of £19,250,000 ($25,908,479.14). In the last quarter, insiders have sold 513,030 shares of company stock worth $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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