The Berkeley Group (LON:BKG) Shares Break Below Two Hundred Day Moving Average - Time to Sell?

Key Points

• The Berkeley Group shares fell below their 200-day moving average, trading as low as GBX 3,164 and last changing hands at GBX 3,182, signaling technical weakness.
• Analyst sentiment is mixed: four analysts rate the stock Buy, two Hold, and one Sell, resulting in a consensus Hold rating despite several recent target-price changes.
• The company remains valued at about £2.90 billion with a P/E ratio of 9.61, while insiders recently purchased shares, including 5,097 shares acquired over the past 90 days.

The Berkeley Group Holdings plc (LON:BKG - Get Free Report) passed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of GBX 3,412.86 and traded as low as GBX 3,164. The Berkeley Group shares last traded at GBX 3,182, with a volume of 247,637 shares.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Jefferies Financial Group lowered their price target on The Berkeley Group from GBX 4,517 to GBX 4,301 and set a "buy" rating for the company in a research report on Monday, September 28th. Citigroup cut their price objective on shares of The Berkeley Group from £375.40 to £365 and set a "neutral" rating on the stock in a research report on Friday, June 26th. Royal Bank Of Canada upped their target price on shares of The Berkeley Group from GBX 3,850 to GBX 4,100 and gave the stock an "outperform" rating in a research note on Thursday, June 25th. 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. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of GBX 8,690.71.

The Berkeley Group Stock Performance

The company has a quick ratio of 0.57, a current ratio of 3.58 and a debt-to-equity ratio of 18.24. The company has a market cap of £2.90 billion, a P/E ratio of 9.61, a P/E/G ratio of -0.87 and a beta of 1.19. The business has a fifty day simple moving average of GBX 3,450.81 and a two-hundred day simple moving average of GBX 3,412.86.

Insider Activity

In related news, insider Richard Stearn bought 1,128 shares of the company's stock in a transaction on Tuesday, August 11th. The shares were bought at an average price of GBX 3,526 per share, with a total value of £39,773.28. Also, insider Neil Eady purchased 3,405 shares of the business's stock in a transaction on Tuesday, August 11th. The shares were bought at an average price of GBX 3,515 per share, for a total transaction of £119,685.75. Insiders have purchased a total of 5,097 shares of company stock worth $17,931,747 over the last ninety days. 8.42% of the stock is currently owned by corporate insiders.

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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