The Berkeley Group (LON:BKG) Given Buy Rating at Jefferies Financial Group

Key Points

• Jefferies reaffirmed a Buy rating on The Berkeley Group and set a GBX 4,301 price target, implying roughly 29.9% upside from the stock’s GBX 3,310 price.
• Analyst sentiment is mixed: four brokers rate the shares Buy, two Hold and one Sell, resulting in an overall consensus rating of Hold.
• Company insiders purchased 5,097 shares worth approximately $17.9 million over the past three months, and insiders own 8.42% of the company.

The Berkeley Group (LON:BKG - Get Free Report)'s stock had its "buy" rating reaffirmed by stock analysts at Jefferies Financial Group in a note issued to investors on Friday, Digital Look reports. They currently have a GBX 4,301 price target on the stock. Jefferies Financial Group's price objective would indicate a potential upside of 29.94% from the stock's current price.

Several other brokerages have also weighed in on BKG. Berenberg Bank reiterated a "hold" rating and set a GBX 4,000 target price on shares of The Berkeley Group in a research report on Friday, June 26th. Citigroup dropped their price target on shares of The Berkeley Group from £375.40 to £365 and set a "neutral" rating for the company in a research report on Friday, June 26th. Finally, 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. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of GBX 8,690.71.

The Berkeley Group Trading Down 0.5%

Shares of BKG stock opened at GBX 3,310 on Friday. The Berkeley Group has a 52-week low of GBX 2,796 and a 52-week high of GBX 4,442. The stock has a market cap of £3.01 billion, a price-to-earnings ratio of 10.00, a P/E/G ratio of -0.87 and a beta of 1.18. The company has a debt-to-equity ratio of 18.24, a quick ratio of 0.57 and a current ratio of 3.58. The firm has a fifty day moving average of GBX 3,399.12 and a 200-day moving average of GBX 3,396.65.

Insiders Place Their Bets

In related news, insider Neil Eady acquired 3,405 shares of the business's stock in a transaction on Tuesday, August 11th. The stock was bought at an average cost of GBX 3,515 per share, with a total value of £119,685.75. Also, insider Richard Stearn bought 1,128 shares of The Berkeley Group stock in a transaction dated Tuesday, August 11th. The stock was purchased at an average price of GBX 3,526 per share, for a total transaction of £39,773.28. Over the last three months, insiders have acquired 5,097 shares of company stock valued at $17,931,747. Company insiders own 8.42% of the company's stock.

The Berkeley Group Company Profile

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.

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