The Berkeley Group (LON:BKG) Share Price Crosses Below 200-Day Moving Average - Here's What Happened

Key Points

• The Berkeley Group's share price has crossed below its 200-day moving average of GBX 3,851.57, trading as low as GBX 3,730 recently.
• Royal Bank Of Canada has upgraded The Berkeley Group to an "outperform" rating and raised its price target from GBX 4,550 to GBX 4,900.
• Recent insider purchases included 20,000 shares by two insiders, indicating confidence in the company's stock despite its recent decline.

The Berkeley Group Holdings plc (LON:BKG - Get Free Report) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 3,851.57 ($51.73) and traded as low as GBX 3,730 ($50.10). The Berkeley Group shares last traded at GBX 3,748 ($50.34), with a volume of 298,009 shares.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada raised The Berkeley Group to an "outperform" rating and upped their price target for the stock from GBX 4,550 ($61.11) to GBX 4,900 ($65.82) in a report on Wednesday, July 9th.

The Berkeley Group Stock Performance

The company has a debt-to-equity ratio of 18.66, a current ratio of 3.39 and a quick ratio of 0.57. The stock has a market cap of £3.75 billion, a price-to-earnings ratio of 10.01, a PEG ratio of -0.87 and a beta of 1.22. The firm has a fifty day moving average of GBX 3,837.28 and a 200 day moving average of GBX 3,851.57.

Insider Buying and Selling at The Berkeley Group

In related news, insider Richard Stearn bought 7,000 shares of the firm's stock in a transaction that occurred on Monday, June 23rd. The stock was purchased at an average cost of GBX 3,867 ($51.94) per share, for a total transaction of £270,690 ($363,586.30). Also, insider Robert C. G. Perrins bought 13,000 shares of the firm's stock in a transaction that occurred on Friday, June 20th. The stock was bought at an average price of GBX 3,846 ($51.66) per share, with a total value of £499,980 ($671,564.81). Over the last 90 days, insiders have bought 25,616 shares of company stock valued at $97,062,600. Company insiders own 4.84% 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.

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