JPMorgan Chase & Co. Has Lowered Expectations for The Berkeley Group (LON:BKG) Stock Price

The Berkeley Group (LON:BKGGet Free Report) had its target price reduced by research analysts at JPMorgan Chase & Co. from GBX 5,000 to GBX 4,200 in a research note issued on Thursday,London Stock Exchange reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 32.58% from the company’s current price.

A number of other research firms have also commented on BKG. Bank of America upgraded shares of The Berkeley Group to a “buy” rating and cut their price objective for the company from GBX 4,080 to GBX 4,020 in a research report on Monday. Royal Bank Of Canada upgraded shares of The Berkeley Group to a “sector perform” rating and set a GBX 3,900 target price on the stock in a research note on Wednesday. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 4,133.17.

Check Out Our Latest Research Report on The Berkeley Group

The Berkeley Group Price Performance

BKG stock traded up GBX 64 during mid-day trading on Thursday, reaching GBX 3,168. 950,794 shares of the company traded hands, compared to its average volume of 1,085,736. The company has a fifty day moving average price of GBX 3,992.22 and a 200-day moving average price of GBX 3,919.74. The Berkeley Group has a 52-week low of GBX 2,796 and a 52-week high of GBX 4,442. The company has a market capitalization of £2.99 billion, a P/E ratio of 8.62, 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.

Key Headlines Impacting The Berkeley Group

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The Berkeley Group Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for The Berkeley Group (LON:BKG)

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