The Berkeley Group (LON:BKG) Earns Buy Rating from Jefferies Financial Group

The Berkeley Group (LON:BKG)‘s stock had its “buy” rating restated by Jefferies Financial Group in a report issued on Tuesday,London Stock Exchange reports. They presently have a GBX 4,598 target price on the stock. Jefferies Financial Group’s target price would indicate a potential upside of 43.24% from the stock’s current price.

Several other analysts also recently issued reports on BKG. Royal Bank Of Canada upgraded The Berkeley Group to a “sector perform” rating and set a GBX 3,900 price target for the company in a research note on Wednesday, April 1st. Bank of America upgraded The Berkeley Group to a “buy” rating and decreased their price target for the stock from GBX 4,080 to GBX 4,020 in a research note on Monday, March 30th. JPMorgan Chase & Co. dropped their target price on shares of The Berkeley Group from GBX 5,000 to GBX 4,200 and set an “overweight” rating on the stock in a report on Thursday, April 2nd. Finally, Berenberg Bank cut their target price on shares of The Berkeley Group from GBX 4,500 to GBX 4,000 and set a “buy” rating for the company in a research report on Thursday, April 2nd. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, The Berkeley Group currently has a consensus rating of “Moderate Buy” and an average target price of GBX 4,199.57.

The Berkeley Group Stock Up 1.3%

Shares of BKG traded up GBX 42 during trading hours on Tuesday, hitting GBX 3,210. 534,680 shares of the company were exchanged, compared to its average volume of 1,077,386. The company has a market cap of £3.01 billion, a PE ratio of 8.73, a PEG ratio of -0.87 and a beta of 1.19. The firm’s 50 day moving average is GBX 3,940.58 and its 200-day moving average is GBX 3,910.95. 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 debt-to-equity ratio of 18.94, a quick ratio of 0.57 and a current ratio of 3.54.

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.