The Berkeley Group (LON:BKG) Stock Passes Below Two Hundred Day Moving Average – Time to Sell?

The Berkeley Group Holdings plc (LON:BKG) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 3,484.53 and traded as low as GBX 3,206. The Berkeley Group shares last traded at GBX 3,222, with a volume of 148,017 shares changing hands.

Analyst Ratings Changes

BKG has been the topic of several recent analyst reports. Citigroup lowered their target price on shares of The Berkeley Group from £375.40 to £365 and set a “neutral” rating on the stock in a research note on Friday, June 26th. Jefferies Financial Group restated a “buy” rating and issued a GBX 4,517 price target on shares of The Berkeley Group in a research note on Wednesday, August 12th. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 4,000 price target on shares of The Berkeley Group in a report on Friday, June 26th. Finally, Royal Bank Of Canada increased their price target on The Berkeley Group from GBX 3,850 to GBX 4,100 and gave the stock an “outperform” rating in a research report on Thursday, June 25th. Four research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, The Berkeley Group presently has a consensus rating of “Hold” and an average target price of GBX 8,721.57.

The Berkeley Group Trading Up 3.5%

The firm has a market cap of £3.07 billion, a price-to-earnings ratio of 10.17, a price-to-earnings-growth ratio of -0.87 and a beta of 1.19. The company’s 50-day moving average price is GBX 3,465.14 and its 200-day moving average price is GBX 3,476.97. The company has a quick ratio of 0.57, a current ratio of 3.58 and a debt-to-equity ratio of 18.24.

The Berkeley Group (LON:BKG) last released its quarterly earnings results on Wednesday, June 24th. The company reported GBX 331.60 earnings per share for the quarter. The firm had revenue of GBX 238.33 billion during the quarter. The Berkeley Group had a net margin of 13.36% and a return on equity of 8.79%.

Insider Buying and Selling

In other news, insider Richard Stearn purchased 1,128 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The stock was purchased at an average cost of GBX 3,526 per share, for a total transaction of £39,773.28. Also, insider Neil Eady acquired 3,405 shares of The Berkeley Group stock in a transaction that occurred on Tuesday, August 11th. The stock was purchased at an average cost of GBX 3,515 per share, with a total value of £119,685.75. Insiders have acquired 5,097 shares of company stock valued at $17,931,747 in the last three months. Insiders own 8.42% of the company’s stock.

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.