The Berkeley Group (LON:BKG) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

The Berkeley Group Holdings plc (LON:BKG) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 3,889.83 and traded as high as GBX 4,346. The Berkeley Group shares last traded at GBX 4,297, with a volume of 35,499,156 shares traded.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. JPMorgan Chase & Co. raised The Berkeley Group to an “overweight” rating and boosted their price objective for the stock from GBX 4,700 to GBX 5,000 in a research note on Wednesday, February 4th. Royal Bank Of Canada downgraded shares of The Berkeley Group to an “underperform” rating and dropped their target price for the stock from GBX 4,900 to GBX 3,700 in a research note on Tuesday, December 2nd. Finally, The Goldman Sachs Group began coverage on shares of The Berkeley Group in a report on Monday, November 24th. They issued a “sell” rating and a GBX 3,714 price target for the company. Three investment analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of GBX 4,475.80.

The Berkeley Group Stock Up 1.8%

The firm has a market capitalization of £4.12 billion, a price-to-earnings ratio of 11.85, a P/E/G ratio of -0.87 and a beta of 1.22. The business’s 50-day moving average is GBX 4,060.39 and its two-hundred day moving average is GBX 3,894.75. The company has a debt-to-equity ratio of 18.66, a quick ratio of 0.57 and a current ratio of 3.39.

The Berkeley Group (LON:BKG) last issued its quarterly earnings data on Wednesday, December 10th. The company reported GBX 183.70 earnings per share (EPS) for the quarter. The Berkeley Group had a net margin of 16.13% and a return on equity of 11.40%.

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.