JPMorgan Chase & Co. Reiterates “Overweight” Rating for Berkeley Group Holdings PLC (BKG)
JPMorgan Chase & Co. restated their overweight rating on shares of Berkeley Group Holdings PLC (LON:BKG) in a research note issued to investors on Monday morning. They currently have a GBX 3,400 ($42.79) target price on the stock.
BKG has been the topic of several other research reports. Peel Hunt dropped their target price on shares of Berkeley Group Holdings PLC from GBX 4,580 ($57.65) to GBX 4,370 ($55.00) and set a buy rating on the stock in a research note on Monday, January 9th. Shore Capital restated a hold rating on shares of Berkeley Group Holdings PLC in a research report on Friday, March 17th. Barclays PLC increased their price objective on shares of Berkeley Group Holdings PLC from GBX 2,790 ($35.12) to GBX 3,175 ($39.96) and gave the company an equal weight rating in a research report on Monday, February 13th. Deutsche Bank AG restated a buy rating and set a GBX 3,559 ($44.80) price objective (down previously from GBX 3,876 ($48.79)) on shares of Berkeley Group Holdings PLC in a research report on Wednesday, January 4th. Finally, Canaccord Genuity increased their price objective on shares of Berkeley Group Holdings PLC from GBX 2,750 ($34.61) to GBX 3,170 ($39.90) and gave the company a buy rating in a research report on Monday, December 5th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Berkeley Group Holdings PLC presently has a consensus rating of Buy and a consensus target price of GBX 3,356.08 ($42.24).
Shares of Berkeley Group Holdings PLC (LON:BKG) opened at 3286.00 on Monday. The firm’s market cap is GBX 4.52 billion. The firm has a 50 day moving average price of GBX 3,116.81 and a 200 day moving average price of GBX 2,797.94. Berkeley Group Holdings PLC has a 1-year low of GBX 2,015.00 and a 1-year high of GBX 3,390.00.
The business also recently announced a dividend, which was paid on Friday, March 24th. Investors of record on Thursday, March 2nd were given a dividend of GBX 85.24 ($1.07) per share. The ex-dividend date of this dividend was Thursday, March 2nd. This represents a dividend yield of 2.96%.
In related news, insider Anthony W. Pidgley sold 1,000,000 shares of the company’s stock in a transaction on Tuesday, April 4th. The shares were sold at an average price of GBX 3,110 ($39.14), for a total transaction of £31,100,000 ($39,144,115.80).
Berkeley Group Holdings PLC Company Profile
The Berkeley Group Holdings plc is a holding company. The Company, along with its subsidiaries, is engaged in residential-led, mixed-use property development. Its segments include Residential-led mixed-use development and Other activities. Its brands include Berkeley, which creates medium to large-scale developments in towns, cities and the countryside, encompassing executive homes, mixed use schemes, riverside apartments, refurbished historic buildings and urban loft spaces; St George, which is involved in mixed use sustainable regeneration in London; St James, which handles projects that embrace private residential development, commercial property, recreational and community facilities; St Edward, which offers residentially led developments, and St William.
Receive News & Stock Ratings for Berkeley Group Holdings PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Berkeley Group Holdings PLC and related stocks with our FREE daily email newsletter.