The Berkeley Group (LON:BKG) Stock Price Crosses Below 200 Day Moving Average – Should You 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 3,714.06 and traded as low as GBX 3,402. The Berkeley Group shares last traded at GBX 3,500, with a volume of 38,161,684 shares traded.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Bank of America raised shares of The Berkeley Group to a “buy” rating and lowered their price target for the company from GBX 4,080 to GBX 4,020 in a research report on Monday, March 30th. Jefferies Financial Group lowered their target price on shares of The Berkeley Group from GBX 4,598 to GBX 4,531 and set a “buy” rating on the stock in a 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 report on Thursday, April 2nd. Royal Bank Of Canada raised The Berkeley Group to a “sector perform” rating and set a GBX 3,900 price target for the company in a report on Wednesday, April 1st. Finally, JPMorgan Chase & Co. reduced their price target on The Berkeley Group from GBX 5,000 to GBX 4,200 and set an “overweight” rating for the company in a research report on Thursday, April 2nd. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, The Berkeley Group presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 4,190.

The Berkeley Group Stock Performance

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 1.19. The company has a debt-to-equity ratio of 18.94, a current ratio of 3.54 and a quick ratio of 0.57. The business’s fifty day moving average price is GBX 3,373.57 and its 200-day moving average price is GBX 3,714.06.

Insider Activity at The Berkeley Group

In other news, insider Robert C. G. Perrins bought 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The shares were acquired at an average price of GBX 3,168 per share, with a total value of £221,760. Also, insider Rachel Downey bought 575 shares of the stock in a transaction on Wednesday, April 15th. The stock was purchased at an average price of GBX 3,449 per share, for a total transaction of £19,831.75. In the last ninety days, insiders have purchased 14,575 shares of company stock valued at $46,874,175. 9.98% of the stock is owned by corporate 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.