The Berkeley Group (LON:BKG) Given New £365 Price Target at Citigroup

The Berkeley Group (LON:BKG) had its target price lowered by research analysts at Citigroup from £375.40 to £365 in a note issued to investors on Friday,Digital Look reports. The firm currently has a “neutral” rating on the stock.

BKG has been the topic of a number of other research reports. Bank of America upgraded The Berkeley Group to a “buy” rating and reduced their price objective for the stock from GBX 4,080 to GBX 4,020 in a research report on Monday, March 30th. Royal Bank Of Canada upped their target price on The Berkeley Group from GBX 3,850 to GBX 4,100 and gave the company an “outperform” rating in a report on Thursday. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 4,000 target price on shares of The Berkeley Group in a research note on Friday. Jefferies Financial Group reiterated a “buy” rating and set a GBX 4,531 price target on shares of The Berkeley Group in a report on Thursday. Finally, JPMorgan Chase & Co. lowered their price target on shares of 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. Five analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 8,253.75.

The Berkeley Group Price Performance

BKG traded down GBX 162 on Friday, reaching GBX 3,590. 1,517,621 shares of the company’s stock were exchanged, compared to its average volume of 4,047,152. The Berkeley Group has a twelve month low of GBX 2,796 and a twelve month high of GBX 4,442. The stock has a market cap of £3.32 billion, a PE ratio of 9.77, a P/E/G ratio of -0.87 and a beta of 1.19. The company has a debt-to-equity ratio of 18.24, a current ratio of 3.58 and a quick ratio of 0.57. The stock’s fifty day moving average price is GBX 3,385.97 and its 200-day moving average price is GBX 3,712.65.

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

Insiders Place Their Bets

In other The Berkeley Group news, insider Rachel Downey acquired 575 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The stock was purchased at an average cost 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 business’s stock in a transaction that occurred on Thursday, April 30th. The shares were acquired at an average cost of GBX 3,168 per share, with a total value of £221,760. Over the last quarter, insiders have bought 14,575 shares of company stock valued at $46,874,175. Company 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.