The Berkeley Group (LON:BKG) Shares Cross Above 200-Day Moving Average – Here’s Why

The Berkeley Group Holdings plc (LON:BKGGet Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 3,901.49 and traded as high as GBX 4,086. The Berkeley Group shares last traded at GBX 3,964, with a volume of 366,313 shares.

Analyst Ratings Changes

A number of brokerages have recently issued reports on BKG. Berenberg Bank reaffirmed a “buy” rating and set a GBX 5,000 price target on shares of The Berkeley Group in a research report on Monday, September 8th. UBS Group restated a “buy” rating and set a GBX 4,965 target price on shares of The Berkeley Group in a research note on Friday, August 15th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, The Berkeley Group presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 4,891.25.

Check Out Our Latest Research Report on The Berkeley Group

The Berkeley Group Price Performance

The stock has a 50 day moving average of GBX 3,882.70 and a 200-day moving average of GBX 3,901.49. The company has a debt-to-equity ratio of 18.66, a quick ratio of 0.57 and a current ratio of 3.39. The company has a market cap of £3.76 billion, a PE ratio of 10.63, a price-to-earnings-growth ratio of -0.87 and a beta of 1.22.

Insider Activity

In other news, insider Neil Eady acquired 1,325 shares of The Berkeley Group stock in a transaction dated Monday, September 29th. The stock was purchased at an average cost of GBX 3,773 per share, for a total transaction of £49,992.25. 8.01% of the stock is currently owned by insiders.

About The Berkeley Group

(Get Free Report)

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.

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