The Berkeley Group (LON:BKG) Earns Buy Rating from Jefferies Financial Group

Key Points

• Jefferies restated a Buy rating on The Berkeley Group with a GBX 4,598 target price, implying about a 43.24% upside from the prior close.
• Analyst consensus shows five Buys, one Hold and one Sell, with an average target of GBX 4,199.57 and an overall rating of Moderate Buy.
• BKG shares traded at GBX 3,210 (up ~1.3%) with a market cap of £3.01bn and a P/E of 8.73, leaving the stock priced below analyst targets.

The Berkeley Group (LON:BKG - Get Free Report)'s stock had its "buy" rating restated by investment analysts at Jefferies Financial Group in a research note issued to investors on Tuesday,London Stock Exchange reports. They presently have a GBX 4,598 target price on the stock. Jefferies Financial Group's price objective indicates a potential upside of 43.24% from the stock's previous close.

BKG has been the subject of a number of other research reports. Royal Bank Of Canada upgraded shares of The Berkeley Group to a "sector perform" rating and set a GBX 3,900 target price for the company in a research report on Wednesday, April 1st. 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 research report on Monday, March 30th. 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 for the company in a research report on Thursday, April 2nd. Finally, 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 for the company in a research report on Thursday, April 2nd. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, The Berkeley Group has an average rating of "Moderate Buy" and an average target price of GBX 4,199.57.

The Berkeley Group Stock Up 1.3%

Shares of BKG stock traded up GBX 42 during trading on Tuesday, hitting GBX 3,210. 534,680 shares of the company were exchanged, compared to its average volume of 1,077,386. The business's 50-day simple moving average is GBX 3,940.58 and its 200 day simple moving average is GBX 3,910.95. The Berkeley Group has a twelve month low of GBX 2,796 and a twelve month high of GBX 4,442. The firm has a market capitalization of £3.01 billion, a price-to-earnings ratio of 8.73, a P/E/G ratio of -0.87 and a beta of 1.19. 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 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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