The Berkeley Group (LON:BKG) Share Price Crosses Below 200-Day Moving Average – Should You Sell?

The Berkeley Group Holdings plc (LON:BKG) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 3,673.15 and traded as low as GBX 3,340. The Berkeley Group shares last traded at GBX 3,444, with a volume of 182,550 shares.

Wall Street Analyst Weigh In

BKG has been the subject of a number of research reports. Bank of America upgraded shares of The Berkeley Group to a “buy” rating and reduced their price target for the company from GBX 4,080 to GBX 4,020 in a research report on Monday, March 30th. Citigroup lowered their price target on The Berkeley Group from £375.40 to £365 and set a “neutral” rating on the stock in a report on Friday, June 26th. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 4,000 price objective on shares of The Berkeley Group in a research note on Friday, June 26th. JPMorgan Chase & Co. reduced their price objective on The Berkeley Group from GBX 5,000 to GBX 4,200 and set an “overweight” rating for the company in a report on Thursday, April 2nd. Finally, Royal Bank Of Canada boosted their target price on The Berkeley Group from GBX 3,850 to GBX 4,100 and gave the stock an “outperform” rating in a research report on Thursday, June 25th. Five research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 8,252.

The Berkeley Group Trading Up 2.9%

The business’s fifty day moving average price is GBX 3,406.04 and its 200 day moving average price is GBX 3,673.15. The company has a quick ratio of 0.57, a current ratio of 3.58 and a debt-to-equity ratio of 18.24. The firm has a market capitalization of £3.18 billion, a PE ratio of 10.40, a P/E/G ratio of -0.87 and a beta of 1.19.

The Berkeley Group (LON:BKG) last released its earnings results on Wednesday, June 24th. The company reported GBX 331.60 EPS for the quarter. The firm had revenue of GBX 238.33 billion during the quarter. The Berkeley Group had a net margin of 13.36% and a return on equity of 8.79%.

Insider Buying and Selling at The Berkeley Group

In other The Berkeley Group news, insider Robert C. G. Perrins acquired 7,000 shares of the firm’s stock in a transaction dated Thursday, April 30th. The shares were acquired at an average price of GBX 3,168 per share, for a total transaction of £221,760. 10.03% of the stock is currently owned by corporate insiders.

The Berkeley Group Company Profile

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.