The Berkeley Group (LON:BKG) Raised to Buy at Bank of America

The Berkeley Group (LON:BKG) was upgraded by investment analysts at Bank of America to a “buy” rating in a report issued on Monday,London Stock Exchange reports. The firm presently has a GBX 4,020 target price on the stock, down from their prior target price of GBX 4,080. Bank of America‘s target price would indicate a potential upside of 18.17% from the company’s current price.

BKG has been the subject of several other reports. JPMorgan Chase & Co. upgraded The Berkeley Group to an “overweight” rating and increased their price objective for the stock from GBX 4,700 to GBX 5,000 in a research report on Wednesday, February 4th. Royal Bank Of Canada downgraded The Berkeley Group to an “underperform” rating and reduced their target price for the company from GBX 4,900 to GBX 3,700 in a research report on Tuesday, December 2nd. Four equities research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of GBX 4,399.83.

The Berkeley Group Stock Down 0.8%

Shares of LON BKG opened at GBX 3,402 on Monday. The company has a market capitalization of £3.21 billion, a P/E ratio of 9.26, a P/E/G ratio of -0.87 and a beta of 1.19. The company has a debt-to-equity ratio of 18.94, a current ratio of 3.54 and a quick ratio of 0.57. The company has a 50 day simple moving average of GBX 4,029.47 and a 200-day simple moving average of GBX 3,927.85. The Berkeley Group has a 1 year low of GBX 3,370 and a 1 year high of GBX 4,442.

About The Berkeley Group

At Berkeley Group we build homes and neighbourhoods across London, Birmingham and the South of England.

Our passion and purpose is to build quality homes, strengthen communities and make a positive difference to people’s lives. We use our sustained commercial success to make valuable and enduring contributions that benefit all our stakeholders.

We specialise in brownfield regeneration, working closely with local communities and councils to revive underused land and create homes where they are needed most.