Royal Bank of Canada cut shares of The Berkeley Group (LON:BKG – Free Report) to an underperform rating in a report issued on Friday, Marketbeat.com reports. The firm currently has GBX 4,950 ($62.65) price objective on the stock.
Separately, Peel Hunt lowered shares of The Berkeley Group to a hold rating and set a GBX 4,450 ($56.32) price objective on the stock. in a research note on Thursday, December 14th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, The Berkeley Group currently has a consensus rating of Hold and an average price target of GBX 4,614.86 ($58.41).
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The Berkeley Group Stock Up 0.1 %
The Berkeley Group Cuts Dividend
The firm also recently declared a dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 7th were paid a dividend of GBX 33 ($0.42) per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a dividend yield of 0.72%. The Berkeley Group’s dividend payout ratio (DPR) is 2,185.27%.
Insider Transactions at The Berkeley Group
In other The Berkeley Group news, insider Sarah Sands purchased 319 shares of the company’s stock in a transaction dated Tuesday, March 26th. The shares were bought at an average price of GBX 4,698 ($59.46) per share, for a total transaction of £14,986.62 ($18,968.00). 4.53% of the stock is currently owned by company insiders.
The Berkeley Group Company Profile
The Berkeley Group Holdings plc, together with its subsidiaries, engages in the residential-led and mixed-use property development and ancillary activities in the United Kingdom. The company is involved in land selling activities. It operates under the Berkeley, St Edward, St George, St James, St Joseph, and St William brand names.
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