The Berkeley Group (LON:BKG) Upgraded at Bank of America

Bank of America upgraded shares of The Berkeley Group (LON:BKG) to a buy rating in a report issued on Monday,London Stock Exchange reports. They currently have GBX 4,020 target price on the stock, down from their previous target price of GBX 4,080.

Several other brokerages also recently issued reports on BKG. JPMorgan Chase & Co. upgraded shares of The Berkeley Group to an “overweight” rating and upped their target price 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 reduced their price target for the company from GBX 4,900 to GBX 3,700 in a research report on Tuesday, December 2nd. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 4,433.17.

The Berkeley Group Stock Performance

Shares of The Berkeley Group stock opened at GBX 3,104 on Monday. The Berkeley Group has a 1 year low of GBX 2,796 and a 1 year high of GBX 4,442. The firm’s 50-day moving average is GBX 3,992.22 and its 200 day moving average is GBX 3,919.74. The stock has a market cap of £2.93 billion, a price-to-earnings ratio of 8.45, a PEG ratio of -0.87 and a beta of 1.19. The company has a debt-to-equity ratio of 18.94, a current ratio of 3.54 and a quick ratio of 0.57.

About The Berkeley Group

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.