The Berkeley Group Holdings plc (LON:BKG) Receives Consensus Rating of "Hold" from Brokerages

Key Points

• The Berkeley Group has a consensus “Hold” rating from seven analysts: four recommend buying, two advise holding, and one recommends selling. The average 12-month price target is GBX 8,721.57.
• Recent analyst views were mixed, with Jefferies maintaining a “buy” rating and RBC upgrading its target to GBX 4,100, while Berenberg and Citigroup maintained more cautious “hold” or “neutral” assessments.
• Insiders bought 5,097 shares worth approximately $17.9 million over the past quarter. The stock opened at GBX 3,602, within a 12-month range of GBX 2,796 to GBX 4,442, while the company reported quarterly EPS of GBX 331.60.

Shares of The Berkeley Group Holdings plc (LON:BKG - Get Free Report) have earned an average rating of "Hold" from the seven research firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is GBX 8,721.57.

Several equities research analysts have recently commented on BKG shares. Berenberg Bank restated a "hold" rating and issued a GBX 4,000 price objective on shares of The Berkeley Group in a research note on Friday, June 26th. Jefferies Financial Group reissued a "buy" rating and set a GBX 4,517 price target on shares of The Berkeley Group in a report on Wednesday, August 12th. Royal Bank Of Canada upped their price target 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. Finally, Citigroup decreased their price objective on The Berkeley Group from £375.40 to £365 and set a "neutral" rating on the stock in a research note on Friday, June 26th.

Insider Buying and Selling

In other news, insider Richard Stearn bought 1,128 shares of The Berkeley Group stock in a transaction that occurred on Tuesday, August 11th. The stock was bought at an average cost of GBX 3,526 per share, with a total value of £39,773.28. Also, insider Neil Eady bought 3,405 shares of the firm's stock in a transaction on Tuesday, August 11th. The shares were purchased at an average price of GBX 3,515 per share, for a total transaction of £119,685.75. Over the last quarter, insiders have purchased 5,097 shares of company stock valued at $17,931,747. 10.09% of the stock is currently owned by corporate insiders.

The Berkeley Group Stock Performance

Shares of LON BKG opened at GBX 3,602 on Thursday. The Berkeley Group has a 12-month low of GBX 2,796 and a 12-month high of GBX 4,442. The firm has a market capitalization of £3.30 billion, a price-to-earnings ratio of 10.88, a price-to-earnings-growth ratio of -0.87 and a beta of 1.18. 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 firm has a 50 day moving average of GBX 3,491.69 and a 200 day moving average of GBX 3,565.81.

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.