The Berkeley Group (LON:BKG) Price Target Cut to GBX 4,301 by Analysts at Jefferies Financial Group

The Berkeley Group (LON:BKG) had its price target trimmed by Jefferies Financial Group from GBX 4,517 to GBX 4,301 in a research note released on Monday morning, MarketBeat Ratings reports. The firm currently has a buy rating on the stock.

BKG has been the subject of a number of other research reports. Royal Bank Of Canada upped their target price on The Berkeley Group from GBX 3,850 to GBX 4,100 and gave the stock an “outperform” rating in a report on Thursday, June 25th. Berenberg Bank reissued a “hold” rating and set a GBX 4,000 price target on shares of The Berkeley Group in a research note on Friday, June 26th. Finally, Citigroup reduced their price target on The Berkeley Group from £375.40 to £365 and set a “neutral” rating on the stock in a report on Friday, June 26th. Four research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of GBX 8,690.71.

The Berkeley Group Stock Down 0.2%

Shares of BKG opened at GBX 3,364 on Monday. 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 52 week low of GBX 2,796 and a 52 week high of GBX 4,442. The stock has a market capitalization of £3.07 billion, a price-to-earnings ratio of 10.16, a PEG ratio of -0.87 and a beta of 1.19. The stock has a fifty day moving average of GBX 3,464.80 and a 200-day moving average of GBX 3,429.47.

Insider Activity

In related news, insider Neil Eady bought 3,405 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were purchased at an average cost of GBX 3,515 per share, with a total value of £119,685.75. Also, insider Richard Stearn purchased 1,128 shares of The Berkeley Group stock in a transaction on Tuesday, August 11th. The stock was bought at an average price of GBX 3,526 per share, for a total transaction of £39,773.28. Insiders have acquired a total of 5,097 shares of company stock worth $17,931,747 over the last ninety days. Company insiders own 8.42% 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.