The Berkeley Group (LON:BKG - Get Rating)'s stock had its "buy" rating reiterated by Citigroup in a research note issued on Thursday, Digital Look reports. They currently have a GBX 4,665 ($57.14) target price on the stock. Citigroup's target price would indicate a potential upside of 23.77% from the company's previous close.
BKG has been the topic of a number of other research reports. Liberum Capital reiterated a "buy" rating and issued a GBX 4,450 ($54.51) target price on shares of The Berkeley Group in a report on Wednesday, May 25th. JPMorgan Chase & Co. dropped their target price on The Berkeley Group from GBX 5,540 ($67.86) to GBX 5,300 ($64.92) and set an "overweight" rating on the stock in a report on Friday, March 25th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a GBX 5,535 ($67.80) target price on shares of The Berkeley Group in a report on Thursday. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, The Berkeley Group presently has an average rating of "Moderate Buy" and an average price target of GBX 4,806.60 ($58.88).
LON BKG opened at GBX 3,769 ($46.17) on Thursday. The stock's 50-day moving average price is GBX 4,067.08 and its two-hundred day moving average price is GBX 4,172.84. The company has a current ratio of 2.86, a quick ratio of 0.75 and a debt-to-equity ratio of 13.78. The company has a market cap of £4.20 billion and a PE ratio of 9.42. The Berkeley Group has a 1 year low of GBX 3,490 ($42.75) and a 1 year high of GBX 5,232 ($64.09).
In other news, insider William Jackson purchased 16,148 shares of the stock in a transaction that occurred on Wednesday, June 22nd. The stock was acquired at an average price of GBX 3,657 ($44.79) per share, with a total value of £590,532.36 ($723,337.04).
The Berkeley Group Company Profile (Get Rating)
The Berkeley Group Holdings plc, together with its subsidiaries, engages in the residential-led and mixed-use property development activities in the United Kingdom. It operates under the Berkeley, St Edward, St George, St James, St Joseph, and St William brand names. The company was founded in 1976 and is headquartered in Cobham, the United Kingdom.
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