The Berkeley Group Holdings plc (LON:BKG) Given Average Recommendation of “Hold” by Analysts

Shares of The Berkeley Group Holdings plc (LON:BKG) have been assigned an average recommendation of “Hold” from the seven ratings firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is GBX 8,721.57.

Several research analysts have weighed in on the company. Jefferies Financial Group restated a “buy” rating and issued a GBX 4,517 price target on shares of The Berkeley Group in a research note on Wednesday, August 12th. Royal Bank Of Canada lifted their price objective on shares of The Berkeley Group from GBX 3,850 to GBX 4,100 and gave the company an “outperform” rating in a research report on Thursday, June 25th. Berenberg Bank reissued a “hold” rating and issued a GBX 4,000 target price on shares of The Berkeley Group in a report on Friday, June 26th. Finally, Citigroup dropped their target price on shares of The Berkeley Group from £375.40 to £365 and set a “neutral” rating for the company in a research report on Friday, June 26th.

The Berkeley Group Price Performance

Shares of The Berkeley Group stock opened at GBX 3,602 on Thursday. The company has a market capitalization of £3.30 billion, a price-to-earnings ratio of 10.88, a PEG ratio of -0.87 and a beta of 1.18. 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 stock’s 50-day simple moving average is GBX 3,491.69 and its 200-day simple moving average is GBX 3,565.81. The Berkeley Group has a 52 week low of GBX 2,796 and a 52 week high of GBX 4,442.

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

Insider Buying and Selling at The Berkeley Group

In related news, insider Richard Stearn purchased 1,128 shares of the firm’s stock in a transaction on Tuesday, August 11th. The shares were acquired at an average price of GBX 3,526 per share, for a total transaction of £39,773.28. Also, 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 cost of GBX 3,515 per share, with a total value of £119,685.75. In the last quarter, insiders acquired 5,097 shares of company stock worth $17,931,747. Corporate insiders own 10.09% of the company’s stock.

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.