Jefferies Financial Group Issues Pessimistic Forecast for The Berkeley Group (LON:BKG) Stock Price

Key Points

• Jefferies cut its price objective on The Berkeley Group from GBX 4,598 to GBX 4,531 but kept a "buy" rating, with the revised target implying a potential upside of 38.73% from the prior close.
• Market consensus is a Moderate Buy (five Buy, one Hold, one Sell) with an average price target of GBX 4,190, while the stock was trading around GBX 3,266 and below its 200‑day moving average of GBX 3,852.64.
• Insider buying has picked up recently—executives acquired 14,575 shares in the past three months and insiders now own 8.11% of the company, suggesting management confidence.

The Berkeley Group (LON:BKG - Get Free Report) had its price objective cut by investment analysts at Jefferies Financial Group from GBX 4,598 to GBX 4,531 in a note issued to investors on Tuesday,Digital Look reports. The brokerage currently has a "buy" rating on the stock. Jefferies Financial Group's target price indicates a potential upside of 38.73% from the company's previous close.

BKG has been the topic of a number of other reports. Royal Bank Of Canada raised shares of The Berkeley Group to a "sector perform" rating and set a GBX 3,900 price target on the stock in a research note on Wednesday, April 1st. JPMorgan Chase & Co. reduced their target price on The Berkeley Group from GBX 5,000 to GBX 4,200 and set an "overweight" rating for the company in a report on Thursday, April 2nd. Berenberg Bank reduced their target price on The Berkeley Group from GBX 4,500 to GBX 4,000 and set a "buy" rating for the company in a report on Thursday, April 2nd. Finally, Bank of America raised The Berkeley Group to a "buy" rating and reduced their target price for the company from GBX 4,080 to GBX 4,020 in a report on Monday, March 30th. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, The Berkeley Group presently has a consensus rating of "Moderate Buy" and an average price target of GBX 4,190.

The Berkeley Group Stock Performance

Shares of BKG stock opened at GBX 3,266 on Tuesday. The company has a market capitalization of £3.07 billion, a P/E ratio of 8.89, a P/E/G ratio of -0.87 and a beta of 1.26. The business's 50 day moving average is GBX 3,619.24 and its two-hundred day moving average is GBX 3,852.64. The company has a current ratio of 3.54, a quick ratio of 0.57 and a debt-to-equity ratio of 18.94. The Berkeley Group has a 12-month low of GBX 2,796 and a 12-month high of GBX 4,442.

Insider Buying and Selling

In other news, insider Robert C. G. Perrins bought 7,000 shares of The Berkeley Group stock in a transaction on Thursday, April 30th. The stock was acquired at an average price of GBX 3,168 per share, with a total value of £221,760. Also, insider Rachel Downey purchased 575 shares of the company's stock in a transaction dated Wednesday, April 15th. The stock was bought at an average price of GBX 3,449 per share, with a total value of £19,831.75. Insiders have acquired 14,575 shares of company stock valued at $46,874,175 in the last three months. Insiders own 8.11% of the company's stock.

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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