The Berkeley Group Holdings plc (LON:BKG) Stock Now Rated "Hold" by Wall Street Brokerages

Key Points

• The Berkeley Group has a consensus “Hold” rating from seven brokerages: four buys, two holds and one sell. The average 12-month price target is GBX 8,690.71.
• Recent analyst views were mixed, with Jefferies and RBC maintaining positive ratings while Berenberg and Citigroup retained neutral or hold positions and adjusted their price targets.
• Shares opened at GBX 3,314, down 0.4%, giving the company a market capitalization of approximately £3.01 billion. Insiders have recently purchased shares, and insiders own 8.42% of the company.

The Berkeley Group Holdings plc (LON:BKG - Get Free Report) has been assigned a consensus rating of "Hold" from the seven brokerages that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is GBX 8,690.71.

BKG has been the subject of a number of research reports. Jefferies Financial Group reduced their target price on shares of The Berkeley Group from GBX 4,517 to GBX 4,301 and set a "buy" rating for the company in a report on Monday, September 28th. Royal Bank Of Canada lifted 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 report on Thursday, June 25th. Berenberg Bank reaffirmed a "hold" rating and issued a GBX 4,000 price target on shares of The Berkeley Group in a report on Friday, June 26th. Finally, Citigroup cut their price objective on The Berkeley Group from £375.40 to £365 and set a "neutral" rating for the company in a research report on Friday, June 26th.

Insider Buying and Selling at The Berkeley Group

In related news, insider Richard Stearn bought 1,128 shares of the business's stock in a transaction dated Tuesday, August 11th. The shares were 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 business's stock in a transaction dated 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. Over the last three months, insiders have bought 5,097 shares of company stock valued at $17,931,747. Corporate insiders own 8.42% of the company's stock.

The Berkeley Group Stock Down 0.4%

LON BKG opened at GBX 3,314 on Friday. 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 company's 50 day simple moving average is GBX 3,399.12 and its 200 day simple moving average is GBX 3,396.65. The Berkeley Group has a 12 month low of GBX 2,796 and a 12 month high of GBX 4,442. The company has a market capitalization of £3.01 billion, a P/E ratio of 10.01, a PEG ratio of -0.87 and a beta of 1.18.

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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