The Berkeley Group (LON:BKG) Receives Buy Rating from Berenberg Bank

Key Points

• Berenberg Bank has reaffirmed a "Buy" rating for The Berkeley Group (LON:BKG) with a price target of GBX 5,000, indicating a potential upside of 36.54%.
• The company has received a consensus rating of "Moderate Buy" from various analysts, with a consensus price target of approximately GBX 4,891.25.
• Insider transactions include notable purchases, with insiders acquiring a total of 25,616 shares valued at over £97 million in the last 90 days.

Berenberg Bank restated their buy rating on shares of The Berkeley Group (LON:BKG - Free Report) in a research note released on Monday, MarketBeat Ratings reports. Berenberg Bank currently has a GBX 5,000 price target on the stock.

A number of other analysts have also commented on the company. Royal Bank Of Canada raised The Berkeley Group to an "outperform" rating and increased their price objective for the company from GBX 4,550 to GBX 4,900 in a research note on Wednesday, July 9th. UBS Group reiterated a "buy" rating and set a GBX 4,965 target price on shares of The Berkeley Group in a research report on Friday, August 15th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of GBX 4,891.25.

The Berkeley Group Price Performance

Shares of BKG traded up GBX 2 during trading hours on Monday, reaching GBX 3,642. 201,251 shares of the company traded hands, compared to its average volume of 843,885. The company has a quick ratio of 0.57, a current ratio of 3.39 and a debt-to-equity ratio of 18.66. The stock has a market capitalization of £3.48 billion, a PE ratio of 984.32, a price-to-earnings-growth ratio of -0.87 and a beta of 1.22. The Berkeley Group has a fifty-two week low of GBX 3,462 and a fifty-two week high of GBX 4,986. The stock has a fifty day simple moving average of GBX 3,670.70 and a 200 day simple moving average of GBX 3,832.60.

Insider Transactions at The Berkeley Group

In related news, insider Robert C. G. Perrins bought 13,000 shares of the company's stock in a transaction that occurred on Friday, June 20th. The shares were acquired at an average cost of GBX 3,846 per share, for a total transaction of £499,980. Also, insider Richard Stearn bought 7,000 shares of the company's stock in a transaction that occurred on Monday, June 23rd. The shares were bought at an average price of GBX 3,867 per share, for a total transaction of £270,690. Over the last 90 days, insiders bought 25,616 shares of company stock worth $97,062,600. Company insiders own 7.86% of the company's stock.

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.