The Berkeley Group (LON:BKG) Price Target Cut to GBX 4,301 by Analysts at Jefferies Financial Group

Key Points

• Jefferies lowered its price target for The Berkeley Group from GBX 4,517 to GBX 4,301 but maintained a “buy” rating, implying 27.47% upside from the prior close.
• Analyst sentiment is mixed: four firms rate the stock “buy,” two “hold,” and one “sell,” while the overall MarketBeat consensus is “hold.”
• The shares opened at GBX 3,374, with a £3.08 billion market capitalization and a 1-year trading range of GBX 2,796 to GBX 4,442; insiders have recently purchased shares.

The Berkeley Group (LON:BKG - Get Free Report) had its price target dropped by research analysts at Jefferies Financial Group from GBX 4,517 to GBX 4,301 in a report released on Monday, London Stock Exchange reports. The firm presently has a "buy" rating on the stock. Jefferies Financial Group's target price indicates a potential upside of 27.47% from the company's previous close.

Several other brokerages also recently commented on BKG. Berenberg Bank reiterated a "hold" rating and issued a GBX 4,000 target price on shares of The Berkeley Group in a report on Friday, June 26th. Citigroup dropped their price target on The Berkeley Group from £375.40 to £365 and set a "neutral" rating on the stock in a report on Friday, June 26th. Finally, Royal Bank Of Canada boosted their price objective on The Berkeley Group from GBX 3,850 to GBX 4,100 and gave the stock an "outperform" rating in a research report on Thursday, June 25th. Four analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of GBX 8,690.71.

The Berkeley Group Price Performance

Shares of LON:BKG opened at GBX 3,374 on Monday. The company has a current ratio of 3.58, a quick ratio of 0.57 and a debt-to-equity ratio of 18.24. The stock has a market cap of £3.08 billion, a PE ratio of 10.19, a price-to-earnings-growth ratio of -0.87 and a beta of 1.19. The stock's fifty day simple moving average is GBX 3,463.81 and its two-hundred day simple moving average is GBX 3,433.30. The Berkeley Group has a 1-year low of GBX 2,796 and a 1-year high of GBX 4,442.

Insider Activity

In other The Berkeley Group news, insider Neil Eady acquired 3,405 shares of the company's stock in a transaction on Tuesday, August 11th. The shares were acquired 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 business's stock in a transaction on Tuesday, August 11th. The shares were acquired at an average price of GBX 3,526 per share, with a total value of £39,773.28. In the last three months, insiders purchased 5,097 shares of company stock valued at $17,931,747. 8.42% of the stock is currently owned by insiders.

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.

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