Berkeley Group (LON:BKG) had its target price boosted by stock analysts at Credit Suisse Group from GBX 2,985 ($40.48) to GBX 3,579 ($48.54) in a research note issued to investors on Tuesday. The brokerage presently has an “underperform” rating on the stock. Credit Suisse Group’s price objective would indicate a potential downside of 13.43% from the company’s previous close.

A number of other research firms also recently issued reports on BKG. Deutsche Bank downgraded shares of Berkeley Group to a “hold” rating and lifted their price objective for the stock from GBX 3,908 ($53.00) to GBX 3,951 ($53.58) in a report on Thursday, November 30th. Numis Securities lifted their price objective on shares of Berkeley Group from GBX 3,413 ($46.28) to GBX 3,600 ($48.82) and gave the stock a “hold” rating in a report on Friday, December 8th. Barclays downgraded shares of Berkeley Group to an “underweight” rating and set a GBX 3,628 ($49.20) price objective on the stock. in a report on Monday, October 30th. Shore Capital reiterated a “hold” rating on shares of Berkeley Group in a research note on Friday, December 8th. Finally, Canaccord Genuity reiterated a “hold” rating and set a GBX 3,940 ($53.43) target price on shares of Berkeley Group in a research note on Friday, December 8th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. Berkeley Group presently has an average rating of “Hold” and an average target price of GBX 3,814.75 ($51.73).

Berkeley Group (LON:BKG) traded up GBX 14 ($0.19) on Tuesday, reaching GBX 4,134 ($56.06). 262,134 shares of the company’s stock were exchanged, compared to its average volume of 679,261. The stock has a market cap of $5,580.00 and a P/E ratio of 751.64. Berkeley Group has a 1 year low of GBX 2,774.04 ($37.62) and a 1 year high of GBX 4,270 ($57.91).

Berkeley Group (LON:BKG) last posted its quarterly earnings data on Friday, December 8th. The company reported GBX 316.60 ($4.29) earnings per share (EPS) for the quarter. The firm had revenue of GBX 160.77 billion for the quarter. Berkeley Group had a net margin of 26.93% and a return on equity of 38.00%.

In other news, insider John Armitt sold 1,000 shares of the business’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of GBX 4,103 ($55.64), for a total transaction of £41,030 ($55,641.44). Also, insider Robert C. G. Perrins sold 500,000 shares of the business’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of GBX 3,850 ($52.21), for a total value of £19,250,000 ($26,105,234.61).

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About Berkeley Group

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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