The Berkeley Group (LON:BKG) Stock Rating Reaffirmed as “Buy” by Jefferies Financial Group

The Berkeley Group (LON:BKG)‘s stock had its “buy” rating reiterated by investment analysts at Jefferies Financial Group in a research note issued on Friday, Digital Look reports. They presently have a GBX 4,301 price objective on the stock. Jefferies Financial Group’s price target indicates a potential upside of 28.70% from the stock’s current price.

Several other research firms have also weighed in on BKG. Berenberg Bank reiterated a “hold” rating and issued a GBX 4,000 price objective on shares of The Berkeley Group in a research note on Friday, June 26th. Royal Bank Of Canada increased their target price on shares of The Berkeley Group from GBX 3,850 to GBX 4,100 and gave the stock an “outperform” rating in a research report on Thursday, June 25th. Finally, Citigroup decreased their target price on shares of The Berkeley Group from £375.40 to £365 and set a “neutral” rating for the company in a research note on Friday, June 26th. Four analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of GBX 8,690.71.

The Berkeley Group Stock Performance

BKG stock opened at GBX 3,342 on Friday. 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 stock has a market cap of £3.04 billion, a P/E ratio of 10.09, a P/E/G ratio of -0.87 and a beta of 1.18. The firm has a 50 day simple moving average of GBX 3,393.44 and a 200 day simple moving average of GBX 3,395.71. The Berkeley Group has a 52 week low of GBX 2,796 and a 52 week high of GBX 4,442.

Insider Buying and Selling

In other news, insider Neil Eady purchased 3,405 shares of the company’s stock in a transaction dated Tuesday, August 11th. The shares were bought at an average price of GBX 3,515 per share, with a total value of £119,685.75. Also, insider Richard Stearn bought 1,128 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The stock was purchased at an average price of GBX 3,526 per share, for a total transaction of £39,773.28. In the last three months, insiders bought 5,097 shares of company stock worth $17,931,747. 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.