JPMorgan Chase & Co. Upgrades The Berkeley Group (LON:BKG) to “Overweight”

The Berkeley Group (LON:BKG) was upgraded by stock analysts at JPMorgan Chase & Co. to an “overweight” rating in a report issued on Wednesday, MarketBeat.com reports. The firm presently has a GBX 5,000 price target on the stock, up from their prior price target of GBX 4,700. JPMorgan Chase & Co.‘s price target indicates a potential upside of 14.21% from the stock’s current price.

Other analysts have also recently issued reports about the stock. The Goldman Sachs Group started coverage on shares of The Berkeley Group in a research note on Monday, November 24th. They set a “sell” rating and a GBX 3,714 price objective for the company. Royal Bank Of Canada cut shares of The Berkeley Group to an “underperform” rating and reduced their target price for the stock from GBX 4,900 to GBX 3,700 in a report on Tuesday, December 2nd. Three analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of GBX 4,475.80.

The Berkeley Group Stock Performance

BKG traded up GBX 214 on Wednesday, reaching GBX 4,378. 1,104,120 shares of the stock were exchanged, compared to its average volume of 1,343,844. The company has a debt-to-equity ratio of 18.66, a current ratio of 3.39 and a quick ratio of 0.57. The company’s 50-day moving average price is GBX 3,911.20 and its 200 day moving average price is GBX 3,840.96. The firm has a market capitalization of £4.14 billion, a PE ratio of 11.91, a PEG ratio of -0.87 and a beta of 1.22. The Berkeley Group has a fifty-two week low of GBX 3,484 and a fifty-two week high of GBX 4,380.

The Berkeley Group (LON:BKG) last announced its quarterly earnings data on Wednesday, December 10th. The company reported GBX 183.70 earnings per share for the quarter. The Berkeley Group had a return on equity of 11.40% and a net margin of 16.13%.

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.