The Berkeley Group (LON:BKG) Cut to Underperform at Royal Bank Of Canada

Royal Bank Of Canada downgraded shares of The Berkeley Group (LON:BKG) to an underperform rating in a research note published on Tuesday, MarketBeat reports. Royal Bank Of Canada currently has GBX 3,700 price objective on the stock, down from their previous price objective of GBX 4,900.

Several other equities analysts have also issued reports on BKG. The Goldman Sachs Group initiated coverage on The Berkeley Group in a research report on Monday, November 24th. They issued a “sell” rating and a GBX 3,714 price objective for the company. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 5,000 price target on shares of The Berkeley Group in a research note on Monday, September 8th. Finally, UBS Group reissued a “buy” rating and set a GBX 4,965 price objective on shares of The Berkeley Group in a research report on Friday, August 15th. Two analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, The Berkeley Group has an average rating of “Hold” and a consensus target price of GBX 4,344.75.

The Berkeley Group Stock Performance

BKG stock opened at GBX 3,728 on Tuesday. The Berkeley Group has a 1-year low of GBX 3,462 and a 1-year high of GBX 4,369.96. The company has a current ratio of 3.39, a quick ratio of 0.57 and a debt-to-equity ratio of 18.66. The firm has a market cap of £3.57 billion, a PE ratio of 10.08, a P/E/G ratio of -0.87 and a beta of 1.22. The business’s 50-day moving average price is GBX 3,915.75 and its two-hundred day moving average price is GBX 3,856.22.

Insider Buying and Selling

In other The Berkeley Group news, insider Neil Eady bought 1,325 shares of The Berkeley Group stock in a transaction that occurred on Monday, September 29th. The stock was acquired at an average price of GBX 3,773 per share, for a total transaction of £49,992.25. Insiders own 8.01% 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.