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

Key Points

• Jefferies reissued a “buy” rating on The Berkeley Group with a GBX 4,517 price target, implying 24.57% potential upside from the reported price.
• Analyst sentiment is broadly positive: five analysts rate the stock “Buy,” two “Hold,” and one “Sell,” resulting in a consensus rating of “Moderate Buy.”
• Insiders recently purchased 5,097 shares, while the company reported quarterly earnings of GBX 331.60 per share and revenue of GBX 238.33 billion.

The Berkeley Group (LON:BKG - Get Free Report)'s stock had its "buy" rating reissued by research analysts at Jefferies Financial Group in a report released on Wednesday,Digital Look reports. They currently have a GBX 4,517 target price on the stock. Jefferies Financial Group's price objective points to a potential upside of 24.57% from the stock's current price.

Several other brokerages also recently weighed in on BKG. Royal Bank Of Canada increased their price target on The Berkeley Group from GBX 3,850 to GBX 4,100 and gave the stock an "outperform" rating in a report on Thursday, June 25th. Citigroup cut their price objective on The Berkeley Group from £375.40 to £365 and set a "neutral" rating on the stock in a research report on Friday, June 26th. Finally, Berenberg Bank reiterated a "hold" rating and issued a GBX 4,000 target price on shares of The Berkeley Group in a research note on Friday, June 26th. Five 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. Based on data from MarketBeat.com, The Berkeley Group presently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 8,252.

The Berkeley Group Price Performance

BKG stock opened at GBX 3,626 on Wednesday. The stock has a market cap of £3.32 billion, a PE ratio of 10.95, a P/E/G ratio of -0.87 and a beta of 1.18. The Berkeley Group has a 12 month low of GBX 2,796 and a 12 month high of GBX 4,442. The company has a 50-day moving average price of GBX 3,462.30 and a 200 day moving average price of GBX 3,610.17. 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 Berkeley Group (LON:BKG - Get Free Report) last posted its quarterly earnings data on Wednesday, June 24th. The company reported GBX 331.60 earnings per share for the quarter. The company had revenue of GBX 238.33 billion for the quarter. The Berkeley Group had a net margin of 13.36% and a return on equity of 8.79%.

Insider Buying and Selling at The Berkeley Group

In other news, insider Richard Stearn bought 1,128 shares of the stock in a transaction on Tuesday, August 11th. The stock was acquired at an average cost of GBX 3,526 per share, for a total transaction of £39,773.28. Also, insider Neil Eady purchased 3,405 shares of the company's stock in a transaction dated Tuesday, August 11th. The shares were purchased at an average cost of GBX 3,515 per share, for a total transaction of £119,685.75. Insiders have acquired a total of 5,097 shares of company stock worth $17,931,747 over the last 90 days. 10.09% of the stock is currently owned by company 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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