Berkeley Group’s (BKG) Hold Rating Reaffirmed at Liberum Capital
Liberum Capital reaffirmed their hold rating on shares of Berkeley Group (LON:BKG) in a research note issued to investors on Wednesday. The firm currently has a GBX 4,050 ($54.15) target price on the stock.
Several other equities analysts also recently weighed in on BKG. Peel Hunt increased their target price on Berkeley Group from GBX 4,390 ($58.70) to GBX 4,660 ($62.31) and gave the stock a buy rating in a research report on Wednesday, September 27th. Deutsche Bank downgraded Berkeley Group to a hold rating and increased their target price for the stock from GBX 3,908 ($52.25) to GBX 3,951 ($52.83) in a research report on Thursday, November 30th. Jefferies Group downgraded Berkeley Group to a hold rating and increased their target price for the stock from GBX 3,958 ($52.92) to GBX 4,214 ($56.34) in a research report on Wednesday, December 13th. JPMorgan Chase & Co. downgraded Berkeley Group to a neutral rating and increased their target price for the stock from GBX 4,000 ($53.48) to GBX 4,300 ($57.49) in a research report on Thursday, December 14th. Finally, Shore Capital reiterated a hold rating on shares of Berkeley Group in a research report on Friday, December 8th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. Berkeley Group currently has an average rating of Hold and a consensus target price of GBX 3,765.25 ($50.34).
Berkeley Group (LON BKG) traded down GBX 26 ($0.35) during midday trading on Wednesday, reaching GBX 4,195 ($56.09). The company had a trading volume of 601,871 shares, compared to its average volume of 732,563. Berkeley Group has a 1 year low of GBX 2,774.04 ($37.09) and a 1 year high of GBX 4,263 ($57.00). The stock has a market capitalization of $5,670.00 and a P/E ratio of 762.73.
In other news, insider John Armitt sold 1,000 shares of the firm’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of GBX 4,103 ($54.86), for a total value of £41,030 ($54,860.28). Also, insider Robert C. G. Perrins sold 500,000 shares of the firm’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of GBX 3,850 ($51.48), for a total value of £19,250,000 ($25,738,735.13). Over the last 90 days, insiders sold 503,000 shares of company stock worth $1,936,653,000.
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Berkeley Group 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.
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