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

The Berkeley Group Holdings plc (LON:BKG) has received a consensus recommendation of “Buy” from the nine research firms that are currently covering the stock, reports. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is GBX 5,356.29 ($69.98).

A number of research analysts have recently commented on BKG shares. Jefferies Financial Group reissued a “buy” rating and issued a GBX 6,055 ($79.11) target price on shares of The Berkeley Group in a report on Monday, February 8th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of The Berkeley Group from GBX 5,475 ($71.53) to GBX 5,240 ($68.46) and set a “buy” rating for the company in a report on Thursday, March 18th.

In other news, insider Rachel Downey bought 410 shares of the company’s stock in a transaction that occurred on Wednesday, March 31st. The stock was bought at an average price of GBX 4,467 ($58.36) per share, for a total transaction of £18,314.70 ($23,928.27). Also, insider William Jackson bought 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 28th. The stock was purchased at an average price of GBX 4,590 ($59.97) per share, with a total value of £45,900 ($59,968.64).

BKG traded down GBX 17 ($0.22) on Tuesday, hitting GBX 4,610 ($60.23). 268,279 shares of the stock were exchanged, compared to its average volume of 348,999. The Berkeley Group has a 12 month low of GBX 3,840 ($50.17) and a 12 month high of GBX 4,900 ($64.02). The business has a 50-day moving average of GBX 4,530.02 and a two-hundred day moving average of GBX 4,468.95. The company has a debt-to-equity ratio of 9.76, a current ratio of 2.90 and a quick ratio of 0.74. The firm has a market capitalization of £5.61 billion and a price-to-earnings ratio of 15.95.

The firm also recently declared a dividend, which was paid on Friday, March 19th. Stockholders of record on Thursday, March 4th were given a dividend of GBX 9.13 ($0.12) per share. The ex-dividend date was Thursday, March 4th. This represents a dividend yield of 0.22%. The Berkeley Group’s dividend payout ratio (DPR) is presently 0.71%.

About The Berkeley Group

The Berkeley Group Holdings plc, together with its subsidiaries, engages in the residential-led and mixed-use property development activities in the United Kingdom. It operates under the Berkeley, St Edward, St George, St James, St Joseph, St William, Berkeley First, Berkeley Commercial, Berkeley Partnership, and Berkeley Modular brand names.

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Analyst Recommendations for The Berkeley Group (LON:BKG)

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