Insider Selling: Berkeley Group Holdings PLC (BKG) Insider Sells £376,526.20 in Stock
Berkeley Group Holdings PLC (LON:BKG) insider Richard Stearn sold 10,030 shares of the company’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of GBX 3,754 ($49.79), for a total transaction of £376,526.20 ($499,437.86).
Shares of Berkeley Group Holdings PLC (LON BKG) opened at 3805.00 on Thursday. The firm’s market cap is GBX 5.22 billion. The stock has a 50 day moving average of GBX 3,649.46 and a 200-day moving average of GBX 3,390.77. Berkeley Group Holdings PLC has a 52 week low of GBX 2,286.00 and a 52 week high of GBX 3,819.00.
A number of equities analysts have commented on the stock. Barclays PLC boosted their price objective on shares of Berkeley Group Holdings PLC from GBX 3,175 ($42.11) to GBX 3,628 ($48.12) and gave the stock an “equal weight” rating in a report on Thursday, July 13th. HSBC Holdings plc boosted their price objective on shares of Berkeley Group Holdings PLC from GBX 3,481 ($46.17) to GBX 3,789 ($50.26) and gave the stock a “buy” rating in a report on Wednesday, July 19th. Bank of America Corporation reiterated an “underperform” rating and issued a GBX 2,850 ($37.80) price objective on shares of Berkeley Group Holdings PLC in a report on Tuesday, September 12th. Peel Hunt reiterated a “buy” rating and issued a GBX 4,390 ($58.23) price objective on shares of Berkeley Group Holdings PLC in a report on Wednesday, September 6th. Finally, Credit Suisse Group reiterated an “underperform” rating and issued a GBX 2,162 ($28.68) price objective on shares of Berkeley Group Holdings PLC in a report on Friday, June 30th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of GBX 3,616 ($47.96).
About Berkeley Group Holdings PLC
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.
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