The Berkeley Group (LON:BKG) Given “Buy” Rating at Jefferies Financial Group

The Berkeley Group (LON:BKG)‘s stock had its “buy” rating reissued by stock analysts at Jefferies Financial Group in a note issued to investors on Thursday,London Stock Exchange reports. They currently have a GBX 4,531 price objective on the stock. Jefferies Financial Group’s price target would suggest a potential upside of 19.39% from the stock’s previous close.

Several other equities analysts have also issued reports on the company. JPMorgan Chase & Co. reduced their target price on The Berkeley Group from GBX 5,000 to GBX 4,200 and set an “overweight” rating for the company in a report on Thursday, April 2nd. Bank of America upgraded The Berkeley Group to a “buy” rating and dropped their price target for the stock from GBX 4,080 to GBX 4,020 in a report on Monday, March 30th. Royal Bank Of Canada boosted their price objective 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. Finally, Berenberg Bank reduced their price objective on The Berkeley Group from GBX 4,500 to GBX 4,000 and set a “buy” rating for the company in a research note on Thursday, April 2nd. Six research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, The Berkeley Group presently has an average rating of “Moderate Buy” and a consensus target price of GBX 4,218.57.

The Berkeley Group Stock Up 2.2%

The Berkeley Group stock opened at GBX 3,795 on Thursday. The Berkeley Group has a fifty-two week low of GBX 2,796 and a fifty-two week high of GBX 4,442. 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 firm’s 50-day simple moving average is GBX 3,378.73 and its 200 day simple moving average is GBX 3,712.38. The stock has a market cap of £3.51 billion, a PE ratio of 10.33, a price-to-earnings-growth ratio of -0.87 and a beta of 1.19.

The Berkeley Group (LON:BKG) last posted its quarterly earnings data on Wednesday, June 24th. The company reported GBX 331.60 EPS for the quarter. The firm had revenue of GBX 238.33 billion during the quarter. The Berkeley Group had a net margin of 15.29% and a return on equity of 10.20%.

Insider Buying and Selling

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