Berenberg Bank Reiterates “Hold” Rating for The Berkeley Group (LON:BKG)

The Berkeley Group (LON:BKG)‘s stock had its “hold” rating reaffirmed by Berenberg Bank in a note issued to investors on Friday,Digital Look reports. They presently have a GBX 4,000 target price on the stock. Berenberg Bank’s price objective indicates a potential upside of 11.42% from the stock’s previous close.

BKG has been the topic of several other research reports. JPMorgan Chase & Co. dropped their price objective on The Berkeley Group from GBX 5,000 to GBX 4,200 and set an “overweight” rating on the stock in a research note on Thursday, April 2nd. Royal Bank Of Canada lifted their target price on The Berkeley Group from GBX 3,850 to GBX 4,100 and gave the company an “outperform” rating in a research report on Thursday. Bank of America upgraded The Berkeley Group to a “buy” rating and lowered their target price for the stock from GBX 4,080 to GBX 4,020 in a report on Monday, March 30th. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 4,531 price target on shares of The Berkeley Group in a research report on Thursday. Five equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, The Berkeley Group has an average rating of “Moderate Buy” and a consensus target price of GBX 8,253.75.

The Berkeley Group Trading Down 4.3%

The Berkeley Group stock traded down GBX 162 during trading hours on Friday, hitting GBX 3,590. The company had a trading volume of 1,517,621 shares, compared to its average volume of 4,047,152. The firm has a market cap of £3.32 billion, a P/E ratio of 9.77, a P/E/G ratio of -0.87 and a beta of 1.19. The company has a debt-to-equity ratio of 18.24, a quick ratio of 0.57 and a current ratio of 3.58. The Berkeley Group has a 1 year low of GBX 2,796 and a 1 year high of GBX 4,442. The company has a 50-day moving average price of GBX 3,385.97 and a two-hundred day moving average price of GBX 3,712.65.

The Berkeley Group (LON:BKG) last issued its earnings results on Wednesday, June 24th. The company reported GBX 331.60 EPS for the quarter. The business had revenue of GBX 238.33 billion for the quarter. The Berkeley Group had a net margin of 13.36% and a return on equity of 8.79%.

Insiders Place Their Bets

In related news, insider Rachel Downey acquired 575 shares of the firm’s stock in a transaction that occurred on Wednesday, April 15th. The stock was purchased at an average cost of GBX 3,449 per share, for a total transaction of £19,831.75. Also, insider Robert C. G. Perrins acquired 7,000 shares of the company’s stock in a transaction that occurred on Thursday, April 30th. The shares were bought at an average cost of GBX 3,168 per share, for a total transaction of £221,760. Insiders bought a total of 14,575 shares of company stock worth $46,874,175 over the last quarter. Company insiders own 9.98% of the company’s stock.

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.