The Berkeley Group’s (BKG) Buy Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group restated their buy rating on shares of The Berkeley Group (LON:BKG) in a research note released on Friday morning,Digital Look reports. Jefferies Financial Group currently has a GBX 4,301 price objective on the stock.

Other research analysts have also recently issued reports about the company. Citigroup cut their price objective on The Berkeley Group from £375.40 to £365 and set a “neutral” rating for the company in a report on Friday, June 26th. Royal Bank Of Canada upped 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 report on Thursday, June 25th. Finally, Berenberg Bank reiterated a “hold” rating and set a GBX 4,000 target price on shares of The Berkeley Group in a research report on Friday, June 26th. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of GBX 8,690.71.

The Berkeley Group Trading Up 0.4%

LON:BKG opened at GBX 3,342 on Friday. The Berkeley Group has a 12-month low of GBX 2,796 and a 12-month high of GBX 4,442. The company has a debt-to-equity ratio of 18.24, a current ratio of 3.58 and a quick ratio of 0.57. The firm has a market capitalization 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 business has a 50 day simple moving average of GBX 3,393.44 and a 200 day simple moving average of GBX 3,395.71.

Insider Buying and Selling at The Berkeley Group

In other news, insider Neil Eady purchased 3,405 shares of The Berkeley Group stock in a transaction on Tuesday, August 11th. The stock was purchased 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 firm’s stock in a transaction that occurred on Tuesday, August 11th. The stock was acquired at an average cost of GBX 3,526 per share, with a total value of £39,773.28. Over the last quarter, insiders acquired 5,097 shares of company stock worth $17,931,747. Company insiders own 8.42% of the company’s stock.

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.