The Berkeley Group (LON:BKG) Share Price Passes Below 200 Day Moving Average – Here’s Why

Shares of The Berkeley Group Holdings plc (LON:BKG) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 3,740.06 and traded as low as GBX 3,398. The Berkeley Group shares last traded at GBX 3,480, with a volume of 188,934 shares trading hands.

Analysts Set New Price Targets

BKG has been the topic of a number of recent research reports. JPMorgan Chase & Co. dropped their price objective on The Berkeley Group from GBX 5,000 to GBX 4,200 and set an “overweight” rating on the stock in a research report on Thursday, April 2nd. Jefferies Financial Group lowered their price objective on The Berkeley Group from GBX 4,598 to GBX 4,531 and set a “buy” rating for the company in a research report on Tuesday, May 5th. Berenberg Bank dropped their target price on The Berkeley Group from GBX 4,500 to GBX 4,000 and set a “buy” rating on the stock in a research note on Thursday, April 2nd. Royal Bank Of Canada upgraded The Berkeley Group to a “sector perform” rating and set a GBX 3,900 target price on the stock in a research note on Wednesday, April 1st. Finally, Bank of America upgraded The Berkeley Group to a “buy” rating and dropped their target price for the stock from GBX 4,080 to GBX 4,020 in a research note on Monday, March 30th. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, The Berkeley Group has a consensus rating of “Moderate Buy” and a consensus price target of GBX 4,190.

The Berkeley Group Trading Up 0.3%

The company has a 50 day moving average of GBX 3,344.03 and a two-hundred day moving average of GBX 3,738.31. The company has a debt-to-equity ratio of 18.94, a quick ratio of 0.57 and a current ratio of 3.54. The stock has a market capitalization of £3.23 billion, a PE ratio of 9.50, a P/E/G ratio of -0.87 and a beta of 1.17.

Insider Buying and Selling at The Berkeley Group

In other news, insider Rachel Downey purchased 575 shares of the company’s stock in a transaction on Wednesday, April 15th. The shares were acquired at an average price of GBX 3,449 per share, for a total transaction of £19,831.75. Also, insider Robert C. G. Perrins purchased 7,000 shares of the company’s stock in a transaction on Thursday, April 30th. The shares were purchased at an average price of GBX 3,168 per share, for a total transaction of £221,760. Over the last 90 days, insiders have purchased 14,575 shares of company stock worth $46,874,175. 8.11% of the stock is owned by company insiders.

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.