Insider Buying: The Berkeley Group (LON:BKG) Insider Purchases £119,685.75 in Stock

The Berkeley Group Holdings plc (LON:BKG) insider Neil Eady acquired 3,405 shares of the company’s stock in a transaction on Tuesday, August 11th. The shares were bought at an average price of GBX 3,515 per share, for a total transaction of £119,685.75.

The Berkeley Group Price Performance

BKG opened at GBX 3,646 on Friday. The company has a debt-to-equity ratio of 18.24, a current ratio of 3.58 and a quick ratio of 0.57. The company has a market capitalization of £3.34 billion, a price-to-earnings ratio of 11.01, a P/E/G ratio of -0.87 and a beta of 1.18. The firm’s fifty day moving average price is GBX 3,468.62 and its two-hundred day moving average price is GBX 3,604.16. The Berkeley Group Holdings plc has a 1 year low of GBX 2,796 and a 1 year high of GBX 4,442.

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

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. 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 note on Thursday, June 25th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 4,517 price target on shares of The Berkeley Group in a research report on Wednesday. Citigroup dropped 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. Finally, Berenberg Bank reissued a “hold” rating and issued a GBX 4,000 price objective on shares of The Berkeley Group in a research report on Friday, June 26th. Five research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 8,252.

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.