Free Trial

The Berkeley Group (LON:BKG) Upgraded at Royal Bank Of Canada

The Berkeley Group logo with Consumer Cyclical background

The Berkeley Group (LON:BKG - Get Free Report) was upgraded by analysts at Royal Bank Of Canada to an "outperform" rating in a report issued on Wednesday, MarketBeat reports. The firm presently has a GBX 4,900 ($66.10) price objective on the stock, up from their prior price objective of GBX 4,550 ($61.38). Royal Bank Of Canada's price target would suggest a potential upside of 33.15% from the company's current price.

The Berkeley Group Stock Down 0.5%

BKG stock traded down GBX 20 ($0.27) during trading on Wednesday, reaching GBX 3,680 ($49.64). 420,403 shares of the stock were exchanged, compared to its average volume of 825,450. The firm's 50 day moving average is GBX 4,070 and its 200 day moving average is GBX 3,863.50. The Berkeley Group has a twelve month low of GBX 3,462 ($46.70) and a twelve month high of GBX 5,588.54 ($75.39). 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 firm has a market cap of £3.67 billion, a P/E ratio of 9.78, a price-to-earnings-growth ratio of -0.87 and a beta of 1.22.

Insider Buying and Selling

In related news, insider Robert C. G. Perrins acquired 2,800 shares of the firm's stock in a transaction on Wednesday, July 2nd. The stock was purchased at an average cost of GBX 3,571 ($48.17) per share, with a total value of £99,988 ($134,881.96). Also, insider Richard Stearn acquired 7,000 shares of the firm's stock in a transaction on Monday, June 23rd. The shares were bought at an average cost of GBX 3,867 ($52.17) per share, with a total value of £270,690 ($365,155.81). Insiders have acquired a total of 22,800 shares of company stock valued at $87,065,800 over the last three months. Corporate insiders own 4.84% of the company's stock.

About The Berkeley Group

(Get Free Report)

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.

Recommended Stories

Should You Invest $1,000 in The Berkeley Group Right Now?

Before you consider The Berkeley Group, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and The Berkeley Group wasn't on the list.

While The Berkeley Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Energy Stocks to Buy and Hold Forever Cover

With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

ALERT: Big Tech Earnings – Watch Before Wednesday
ACT FAST! Congress is Dumping these 3 Stocks
3 “Boring” Mega Cap Stocks to Turn Into Pure Profit

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines