Robert Perrins Acquires 7,000 Shares of The Berkeley Group (LON:BKG) Stock

Key Points

• Robert Perrins bought 7,000 shares of The Berkeley Group on April 28 at an average price of GBX 3,245 per share, a transaction totaling £227,150.
• Analysts give the stock a consensus rating of "Moderate Buy" with a consensus target of GBX 4,199.57; five analysts rate it Buy, one Hold and one Sell, and several brokers recently trimmed price targets (e.g., Bank of America to GBX 4,020, JPMorgan to GBX 4,200).
• The company trades at a P/E of 8.82 with a market cap of £3.04 billion, and the recent price sits below both the 50-day (GBX 3,688.73) and 200-day (GBX 3,868.99) moving averages, inside a 52-week range of GBX 2,796–4,442.

The Berkeley Group Holdings plc (LON:BKG - Get Free Report) insider Robert Perrins bought 7,000 shares of the company's stock in a transaction on Tuesday, April 28th. The shares were bought at an average price of GBX 3,245 per share, for a total transaction of £227,150.

The Berkeley Group Stock Performance

Shares of BKG stock opened at GBX 3,242 on Tuesday. The company has a debt-to-equity ratio of 18.94, a quick ratio of 0.57 and a current ratio of 3.54. The company has a market capitalization of £3.04 billion, a P/E ratio of 8.82, a price-to-earnings-growth ratio of -0.87 and a beta of 1.26. The company's 50 day moving average price is GBX 3,688.73 and its two-hundred day moving average price is GBX 3,868.99. The Berkeley Group Holdings plc has a 52 week low of GBX 2,796 and a 52 week high of GBX 4,442.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Bank of America upgraded shares of The Berkeley Group to a "buy" rating and lowered their price objective for the company from GBX 4,080 to GBX 4,020 in a report on Monday, March 30th. JPMorgan Chase & Co. lowered their price objective on shares of The Berkeley Group from GBX 5,000 to GBX 4,200 and set an "overweight" rating on the stock in a report on Thursday, April 2nd. Berenberg Bank lowered their price objective on shares of The Berkeley Group from GBX 4,500 to GBX 4,000 and set a "buy" rating on the stock in a report on Thursday, April 2nd. Royal Bank Of Canada upgraded shares of The Berkeley Group to a "sector perform" rating and set a GBX 3,900 price objective on the stock in a report on Wednesday, April 1st. Finally, Jefferies Financial Group reiterated a "buy" rating and issued a GBX 4,598 price objective on shares of The Berkeley Group in a report on Tuesday, April 7th. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 4,199.57.

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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