The Berkeley Group Holdings plc (LON:BKG) Receives Consensus Rating of "Moderate Buy" from Brokerages

Key Points

• "Moderate Buy" consensus from seven analysts (5 buys, 1 hold, 1 sell) with an average 1-year price target of GBX 4,199.57.
• Analysts have recently trimmed several targets—notably Berenberg and JPMorgan—though Bank of America upgraded to a buy; broker targets now cluster around GBX 3,900–4,598.
• Insider Rachel Downey bought 575 shares at GBX 3,449 and insiders hold 8.11% of the stock; shares opened at GBX 3,290 with a market cap of £3.09bn and a P/E of 8.95 (52‑week range GBX 2,796–4,442).

The Berkeley Group Holdings plc (LON:BKG - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the seven analysts that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is GBX 4,199.57.

Several research analysts have recently issued reports on BKG shares. Berenberg Bank cut their target price 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. Bank of America upgraded shares of The Berkeley Group to a "buy" rating and cut their target price for the stock from GBX 4,080 to GBX 4,020 in a report on Monday, March 30th. Royal Bank Of Canada upgraded shares of The Berkeley Group to a "sector perform" rating and set a GBX 3,900 target price on the stock in a report on Wednesday, April 1st. Jefferies Financial Group restated a "buy" rating and issued a GBX 4,598 target price on shares of The Berkeley Group in a report on Tuesday, April 7th. Finally, JPMorgan Chase & Co. cut their target price 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.

Insider Activity

In other news, insider Rachel Downey bought 575 shares of the business's stock in a transaction dated Wednesday, April 15th. The shares were purchased at an average price of GBX 3,449 per share, for a total transaction of £19,831.75. Corporate insiders own 8.11% of the company's stock.

The Berkeley Group Stock Down 2.2%

Shares of The Berkeley Group stock opened at GBX 3,290 on Friday. 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 Berkeley Group has a 52-week low of GBX 2,796 and a 52-week high of GBX 4,442. The stock has a market capitalization of £3.09 billion, a price-to-earnings ratio of 8.95, a P/E/G ratio of -0.87 and a beta of 1.26. The company's 50 day moving average price is GBX 3,733.54 and its 200-day moving average price is GBX 3,877.76.

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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