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.
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