The Berkeley Group (LON:BKG) Stock Passes Below 200-Day Moving Average - Here's Why

Key Points

• The Berkeley Group shares fell below their 200-day moving average, reaching GBX 3,206 before closing at GBX 3,222, compared with the 200-day average of GBX 3,484.53.
• Analyst sentiment is mixed: Royal Bank of Canada and Jefferies maintain positive ratings with targets of GBX 4,100 and GBX 4,517, while Citigroup and Berenberg rate the stock neutral or hold.
• The company reported GBX 331.60 in quarterly earnings per share and a 13.36% net margin; insiders also bought 5,097 shares worth approximately £17.9 million over the past 90 days.

The Berkeley Group Holdings plc (LON:BKG - Get Free Report) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 3,484.53 and traded as low as GBX 3,206. The Berkeley Group shares last traded at GBX 3,222, with a volume of 148,017 shares changing hands.

Wall Street Analysts Forecast Growth

BKG has been the topic of a number of recent analyst reports. Royal Bank Of Canada boosted their price objective on The Berkeley Group from GBX 3,850 to GBX 4,100 and gave the company an "outperform" rating in a research note on Thursday, June 25th. Jefferies Financial Group reaffirmed a "buy" rating and set a GBX 4,517 target price on shares of The Berkeley Group in a research note on Wednesday, August 12th. Citigroup lowered 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. Finally, Berenberg Bank reissued a "hold" rating and issued a GBX 4,000 price target on shares of The Berkeley Group in a research note 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 data from MarketBeat, The Berkeley Group has an average rating of "Hold" and an average target price of GBX 8,721.57.

The Berkeley Group Price Performance

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 business has a fifty day simple moving average of GBX 3,467.34 and a 200 day simple moving average of GBX 3,484.53. The stock has a market capitalization of £2.94 billion, a P/E ratio of 9.73, a price-to-earnings-growth ratio of -0.87 and a beta of 1.19.

The Berkeley Group (LON:BKG - Get Free Report) last announced its earnings results on Wednesday, June 24th. The company reported GBX 331.60 EPS for the quarter. The company 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%.

Insider Buying and Selling

In other The Berkeley Group news, insider Richard Stearn purchased 1,128 shares of the company's stock in a transaction dated Tuesday, August 11th. The stock was purchased at an average price of GBX 3,526 per share, for a total transaction of £39,773.28. Also, insider Neil Eady acquired 3,405 shares of the company's stock in a transaction dated Tuesday, August 11th. The shares were bought at an average cost of GBX 3,515 per share, with a total value of £119,685.75. Insiders have purchased a total of 5,097 shares of company stock worth $17,931,747 over the last 90 days. 8.42% of the stock is currently owned by corporate insiders.

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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