Analysts Set The Berkeley Group Holdings plc (LON:BKG) Price Target at GBX 4,614.86

Shares of The Berkeley Group Holdings plc (LON:BKG) have received a consensus recommendation of “Hold” from the seven ratings firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is GBX 4,614.86 ($57.98).

BKG has been the topic of several research analyst reports. JPMorgan Chase & Co. lowered shares of The Berkeley Group to a “neutral” rating in a research report on Friday, April 12th. Royal Bank of Canada cut shares of The Berkeley Group to an “underperform” rating and set a GBX 4,950 ($62.19) price objective for the company. in a research note on Friday, April 12th.

Insider Transactions at The Berkeley Group

In other The Berkeley Group news, insider Sarah Sands purchased 319 shares of The Berkeley Group stock in a transaction on Tuesday, March 26th. The shares were bought at an average price of GBX 4,698 ($59.02) per share, with a total value of £14,986.62 ($18,827.41). Corporate insiders own 4.52% of the company’s stock.

The Berkeley Group Price Performance

The Berkeley Group stock opened at GBX 5,165 ($64.89) on Tuesday. The stock’s 50 day moving average price is GBX 4,701.62 and its 200 day moving average price is GBX 4,647.33. The Berkeley Group has a 1-year low of GBX 3,634 ($45.65) and a 1-year high of GBX 5,215 ($65.52). The company has a market cap of £5.47 billion, a PE ratio of 1,226.84, a price-to-earnings-growth ratio of -0.87 and a beta of 1.19. The company has a debt-to-equity ratio of 19.49, a current ratio of 3.57 and a quick ratio of 0.57.

The Berkeley Group Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 7th were issued a GBX 33 ($0.41) dividend. This represents a yield of 0.72%. The ex-dividend date of this dividend was Thursday, March 7th. The Berkeley Group’s dividend payout ratio (DPR) is 2,185.27%.

The Berkeley Group Company Profile

The Berkeley Group Holdings plc, together with its subsidiaries, engages in the residential-led and mixed-use property development and ancillary activities in the United Kingdom. The company is involved in land selling activities. It operates under the Berkeley, St Edward, St George, St James, St Joseph, and St William brand names.