Insider Buying: The Berkeley Group (LON:BKG) Insider Acquires £39,773.28 in Stock

Key Points

• Insider buying: Richard Stearn purchased 1,128 Berkeley Group shares for £39,773.28 and an additional 564 shares worth £19,858.44 on August 11.
• Share performance: The stock rose 22 pence to GBX 3,556, with a 52-week range of GBX 2,796 to GBX 4,442 and a market capitalization of approximately £3.26 billion.
• Analyst sentiment: The Berkeley Group has an overall “Moderate Buy” rating, with five Buy, two Hold and one Sell ratings; recent price targets range from GBX 4,000 to GBX 4,517 among named analysts.

The Berkeley Group Holdings plc (LON:BKG - Get Free Report) insider Richard Stearn bought 1,128 shares of the stock in a transaction on Tuesday, August 11th. The stock was purchased at an average price of GBX 3,526 per share, with a total value of £39,773.28.

Richard Stearn also recently made the following trade(s):

• On Tuesday, August 11th, Richard Stearn acquired 564 shares of The Berkeley Group stock. The stock was purchased at an average cost of GBX 3,521 per share, with a total value of £19,858.44.

The Berkeley Group Price Performance

BKG traded up GBX 22 on Tuesday, hitting GBX 3,556. 140,204 shares of the company's stock were exchanged, compared to its average volume of 3,447,910. The Berkeley Group Holdings plc has a fifty-two week low of GBX 2,796 and a fifty-two week high of GBX 4,442. The stock has a market cap of £3.26 billion, a price-to-earnings ratio of 10.74, a P/E/G ratio of -0.87 and a beta of 1.18. The firm has a 50-day moving average price of GBX 3,458.86 and a 200-day moving average price of GBX 3,613.36. 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 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 business had revenue of GBX 238.33 billion during the quarter. The Berkeley Group had a net margin of 13.36% and a return on equity of 8.79%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Royal Bank Of Canada increased 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. Citigroup dropped their target price on 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 cut their target price on The Berkeley Group from GBX 4,531 to GBX 4,517 and set a "buy" rating for the company in a research note on Tuesday, July 7th. Finally, Berenberg Bank reiterated a "hold" rating and set a GBX 4,000 price target on shares of The Berkeley Group in a report on Friday, June 26th. Five analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of GBX 8,252.

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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