The Berkeley Group Holdings plc (LON:BKG) Receives Average Recommendation of "Hold" from Analysts

Key Points

• Analysts’ consensus rating is “Hold” for The Berkeley Group, based on seven firms: four buys, two holds and one sell. The average 12-month price target is GBX 8,721.57.
• Recent analyst actions were mixed: Citigroup cut its price target and maintained a neutral rating, while Jefferies and RBC remained positive; Berenberg reiterated its hold rating.
• Insiders bought 5,097 shares worth approximately £159,459 over the past 90 days, while the stock recently traded at GBX 3,284—below its 52-week high of GBX 4,442.

Shares of The Berkeley Group Holdings plc (LON:BKG - Get Free Report) have earned an average recommendation of "Hold" from the seven ratings firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is GBX 8,721.57.

Several research firms have recently weighed in on BKG. Citigroup dropped their price objective on shares of The Berkeley Group from £375.40 to £365 and set a "neutral" rating for the company in a report on Friday, June 26th. Jefferies Financial Group restated a "buy" rating and set a GBX 4,517 price target on shares of The Berkeley Group in a research report on Wednesday, August 12th. Royal Bank Of Canada raised their price target on The Berkeley Group from GBX 3,850 to GBX 4,100 and gave the company an "outperform" rating in a report on Thursday, June 25th. Finally, Berenberg Bank reiterated a "hold" rating and issued a GBX 4,000 price objective on shares of The Berkeley Group in a research report on Friday, June 26th.

Insider Transactions at The Berkeley Group

In related news, insider Richard Stearn purchased 1,128 shares of The Berkeley Group stock in a transaction that occurred on Tuesday, August 11th. The shares were acquired at an average price of GBX 3,526 per share, for a total transaction of £39,773.28. Also, insider Neil Eady acquired 3,405 shares of the firm's stock in a transaction on Tuesday, August 11th. The shares were bought at an average cost of GBX 3,515 per share, for a total transaction of £119,685.75. Insiders purchased 5,097 shares of company stock valued at $17,931,747 over the last ninety days. 8.42% of the stock is currently owned by company insiders.

The Berkeley Group Stock Performance

The Berkeley Group stock opened at GBX 3,284 on Monday. The company has a debt-to-equity ratio of 18.24, a current ratio of 3.58 and a quick ratio of 0.57. The stock has a fifty day moving average price of GBX 3,467.73 and a two-hundred day moving average price of GBX 3,456.35. The Berkeley Group has a 52-week low of GBX 2,796 and a 52-week high of GBX 4,442. The firm has a market capitalization of £3.00 billion, a P/E ratio of 9.92, a P/E/G ratio of -0.87 and a beta of 1.19.

The Berkeley Group (LON:BKG - Get Free Report) last issued its earnings results on Wednesday, June 24th. The company reported GBX 331.60 EPS for the quarter. The Berkeley Group had a net margin of 13.36% and a return on equity of 8.79%. The company had revenue of GBX 238.33 billion for the quarter.

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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