The Berkeley Group (LON:BKG) Stock Price Passes Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• The Berkeley Group’s shares briefly rose above their 200-day moving average of GBX 3,613.36, reaching GBX 3,700 before last trading at GBX 3,534 on volume of 289,355 shares.
• Analyst views remain mixed but generally positive: five analysts rate the stock a Buy, two a Hold and one a Sell, producing a consensus rating of “Moderate Buy.”
• The company reported quarterly EPS of GBX 331.60, revenue of GBX 238.33 billion, an 8.79% return on equity and a 13.36% net margin; its shares were reported as trading down 2.5%.

The Berkeley Group Holdings plc (LON:BKG - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 3,613.36 and traded as high as GBX 3,700. The Berkeley Group shares last traded at GBX 3,534, with a volume of 289,355 shares.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Citigroup lowered their target price on The Berkeley Group from £375.40 to £365 and set a "neutral" rating on the stock in a research note on Friday, June 26th. Royal Bank Of Canada increased their price target on shares of The Berkeley Group from GBX 3,850 to GBX 4,100 and gave the stock an "outperform" rating in a research report on Thursday, June 25th. Jefferies Financial Group decreased their price target on shares of The Berkeley Group from GBX 4,531 to GBX 4,517 and set a "buy" rating for the company in a report on Tuesday, July 7th. Finally, Berenberg Bank reaffirmed a "hold" rating and set a GBX 4,000 price objective on shares of The Berkeley Group in a research report on Friday, June 26th. Five analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 8,252.

The Berkeley Group Trading Down 2.5%

The firm has a market capitalization of £3.24 billion, a PE ratio of 10.67, a price-to-earnings-growth ratio of -0.87 and a beta of 1.18. The company has a debt-to-equity ratio of 18.24, a current ratio of 3.58 and a quick ratio of 0.57. The company has a fifty day moving average of GBX 3,458.86 and a 200-day moving average of GBX 3,613.36.

The Berkeley Group (LON:BKG - Get Free Report) last issued its earnings results on Wednesday, June 24th. The company reported GBX 331.60 EPS for the quarter. The Berkeley Group had a return on equity of 8.79% and a net margin of 13.36%.The firm had revenue of GBX 238.33 billion for the quarter.

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. We specialise in brownfield regeneration, working closely with local communities and councils to revive underused land and create homes where they are needed most.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source