The Berkeley Group Holdings plc (LON:BKG) Stock Rated “Hold” by Wall Street Brokerages

Shares of The Berkeley Group Holdings plc (LON:BKG) have received an average recommendation of “Hold” from the seven research firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is GBX 8,721.57.

Several equities research analysts have issued reports on BKG shares. Royal Bank Of Canada raised their price target on shares of The Berkeley Group from GBX 3,850 to GBX 4,100 and gave the stock an “outperform” rating in a research note on Thursday, June 25th. Berenberg Bank reissued a “hold” rating and issued a GBX 4,000 price objective on shares of The Berkeley Group in a research report on Friday, June 26th. Jefferies Financial Group reissued a “buy” rating and set a GBX 4,517 price objective on shares of The Berkeley Group in a research note on Wednesday, August 12th. Finally, Citigroup decreased 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 report on Friday, June 26th.

The Berkeley Group Stock Up 1.2%

BKG opened at GBX 3,370 on Monday. The firm has a market cap of £3.08 billion, a P/E ratio of 10.18, a PEG ratio of -0.87 and a beta of 1.19. The business’s fifty day simple moving average is GBX 3,463.81 and its 200 day simple moving average is GBX 3,436.37. The Berkeley Group has a 52 week low of GBX 2,796 and a 52 week high of GBX 4,442. 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 announced its 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%.

Insiders Place Their Bets

In other The Berkeley Group news, insider Richard Stearn acquired 1,128 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The shares were acquired at an average price of GBX 3,526 per share, for a total transaction of £39,773.28. Also, insider Neil Eady acquired 3,405 shares of the stock in a transaction dated Tuesday, August 11th. The stock was acquired at an average cost of GBX 3,515 per share, with a total value of £119,685.75. In the last three months, insiders have acquired 5,097 shares of company stock worth $17,931,747. Corporate 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.