The Berkeley Group (LON:BKG) Price Target Cut to GBX 4,200 by Analysts at JPMorgan Chase & Co.

The Berkeley Group (LON:BKGGet Free Report) had its price objective lowered by stock analysts at JPMorgan Chase & Co. from GBX 5,000 to GBX 4,200 in a note issued to investors on Thursday,London Stock Exchange reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 32.58% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on BKG. Bank of America upgraded The Berkeley Group to a “buy” rating and lowered their price target for the company from GBX 4,080 to GBX 4,020 in a research report on Monday. Royal Bank Of Canada upgraded The Berkeley Group to a “sector perform” rating and set a GBX 3,900 price objective for the company in a report on Wednesday. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, The Berkeley Group presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 4,133.17.

View Our Latest Stock Analysis on BKG

The Berkeley Group Price Performance

Shares of LON BKG traded up GBX 64 during mid-day trading on Thursday, reaching GBX 3,168. 950,794 shares of the company were exchanged, compared to its average volume of 1,085,736. The Berkeley Group has a 52 week low of GBX 2,796 and a 52 week high of GBX 4,442. The company has a quick ratio of 0.57, a current ratio of 3.54 and a debt-to-equity ratio of 18.94. The stock has a market capitalization of £2.99 billion, a PE ratio of 8.62, a PEG ratio of -0.87 and a beta of 1.19. The company’s 50 day moving average price is GBX 3,992.22 and its 200 day moving average price is GBX 3,919.74.

Key The Berkeley Group News

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About The Berkeley Group

(Get Free Report)

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.

Further Reading

Analyst Recommendations for The Berkeley Group (LON:BKG)

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