Shares of Berkeley Group Holdings PLC (LON:BKG) hit a new 52-week low on Wednesday . The company traded as low as GBX 3,281 ($42.87) and last traded at GBX 3,308 ($43.22), with a volume of 612970 shares. The stock had previously closed at GBX 3,400 ($44.43).

A number of brokerages recently weighed in on BKG. Barclays raised their target price on shares of Berkeley Group from GBX 3,729 ($48.73) to GBX 3,873 ($50.61) and gave the stock an “underweight” rating in a report on Wednesday, September 12th. Credit Suisse Group decreased their price objective on shares of Berkeley Group from GBX 3,579 ($46.77) to GBX 3,433 ($44.86) and set an “underperform” rating for the company in a research note on Thursday, August 23rd. Peel Hunt reaffirmed a “buy” rating and issued a GBX 4,870 ($63.64) price objective (up previously from GBX 4,730 ($61.81)) on shares of Berkeley Group in a research note on Wednesday, June 20th. Liberum Capital reaffirmed a “hold” rating on shares of Berkeley Group in a research note on Wednesday, September 5th. Finally, Deutsche Bank raised their price objective on shares of Berkeley Group from GBX 4,014 ($52.45) to GBX 4,095 ($53.51) and gave the stock a “hold” rating in a research note on Thursday, August 30th. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of GBX 3,891.25 ($50.85).

In related news, insider Sean Ellis sold 5,463 shares of the firm’s stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of GBX 3,587 ($46.87), for a total value of £195,957.81 ($256,053.59).

About Berkeley Group (LON:BKG)

The Berkeley Group Holdings plc, together with its subsidiaries, engages in the residential-led and mixed-use property development activities in the United Kingdom. The company builds homes, neighbourhoods, communities, luxury homes, and affordable housing for families, first time buyers, students, and senior people in London and the south of England markets.

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