The Berkeley Group (LON:BKG) Share Price Crosses Above 200 Day Moving Average - Time to Sell?

Key Points

• The Berkeley Group's share price recently crossed above its 200-day moving average, indicating potential upward momentum, with shares trading at GBX 3,842 ($51.31).
• Analysts are optimistic about the stock, with a consensus rating of "Moderate Buy" and a target price around GBX 4,891.25.
• Insider transactions highlight confidence in the company, with notable acquisitions by insiders Neil Eady and Robert C. G. Perrins.

The Berkeley Group Holdings plc (LON:BKG - Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 3,852.57 ($51.45) and traded as high as GBX 3,906 ($52.16). The Berkeley Group shares last traded at GBX 3,842 ($51.31), with a volume of 264,547 shares trading hands.

Wall Street Analysts Forecast Growth

BKG has been the subject of a number of analyst reports. Berenberg Bank reissued a "buy" rating and issued a GBX 5,000 price objective on shares of The Berkeley Group in a research report on Monday, September 8th. UBS Group reissued a "buy" rating and issued a GBX 4,965 price objective on shares of The Berkeley Group in a research report on Friday, August 15th. Finally, Royal Bank Of Canada raised shares of The Berkeley Group to an "outperform" rating and lifted their price objective for the company from GBX 4,550 to GBX 4,900 in a research report on Wednesday, July 9th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of GBX 4,891.25.

The Berkeley Group Trading Down 0.9%

The business's 50 day moving average price is GBX 3,720.99 and its 200-day moving average price is GBX 3,852.57. The company has a current ratio of 3.39, a quick ratio of 0.57 and a debt-to-equity ratio of 18.66. The company has a market cap of £3.68 billion, a price-to-earnings ratio of 1,038.38, a PEG ratio of -0.87 and a beta of 1.22.

Insider Transactions at The Berkeley Group

In other The Berkeley Group news, insider Neil Eady acquired 1,325 shares of the company's stock in a transaction on Monday, September 29th. The stock was acquired at an average price of GBX 3,773 per share, for a total transaction of £49,992.25. Also, insider Robert C. G. Perrins acquired 2,816 shares of the company's stock in a transaction on Tuesday, July 15th. The stock was acquired at an average price of GBX 3,550 per share, with a total value of £99,968. Company insiders own 7.86% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.