The Berkeley Group Holdings plc (LON:BKG) Receives Consensus Recommendation of “Hold” from Analysts

The Berkeley Group Holdings plc (LON:BKG) has received an average rating of “Hold” from the seven research firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is GBX 8,721.57.

Several analysts have recently issued reports on BKG shares. Royal Bank Of Canada upped their price target on The Berkeley Group from GBX 3,850 to GBX 4,100 and gave the stock an “outperform” rating in a research note on Thursday, June 25th. Citigroup cut their price objective on The Berkeley Group from £375.40 to £365 and set a “neutral” rating on the stock in a research note on Friday, June 26th. Berenberg Bank restated a “hold” rating and issued a GBX 4,000 target price on shares of The Berkeley Group in a report on Friday, June 26th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 4,517 target price on shares of The Berkeley Group in a research report on Wednesday, August 12th.

The Berkeley Group Stock Down 0.2%

The Berkeley Group stock opened at GBX 3,414 on Thursday. The company has a current ratio of 3.58, a quick ratio of 0.57 and a debt-to-equity ratio of 18.24. The Berkeley Group has a 1-year low of GBX 2,796 and a 1-year high of GBX 4,442. The firm’s fifty day simple moving average is GBX 3,489.36 and its 200-day simple moving average is GBX 3,539.73. The company has a market capitalization of £3.13 billion, a P/E ratio of 10.31, a P/E/G ratio of -0.87 and a beta of 1.18.

The Berkeley Group (LON:BKG) last issued its quarterly earnings data on Wednesday, June 24th. The company reported GBX 331.60 earnings per share (EPS) for the quarter. The firm had revenue of GBX 238.33 billion during 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 other news, insider Neil Eady acquired 3,405 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The stock was acquired at an average cost of GBX 3,515 per share, with a total value of £119,685.75. Also, insider Richard Stearn acquired 1,128 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The shares were purchased at an average cost of GBX 3,526 per share, with a total value of £39,773.28. Insiders bought 5,097 shares of company stock valued at $17,931,747 over the last 90 days. 10.09% of the stock is owned by corporate insiders.

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.