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

The Berkeley Group (LON:BKG - Get Free Report) was upgraded by investment analysts at Royal Bank Of Canada to an "outperform" rating in a research report issued to clients and investors on Wednesday,Digital Look reports. The brokerage currently has a GBX 4,900 ($66.61) price objective on the stock, up from their prior price objective of GBX 4,550 ($61.85). Royal Bank Of Canada's price target would indicate a potential upside of 33.81% from the company's previous close.

The Berkeley Group Stock Up 1.1%

LON:BKG opened at GBX 3,662 ($49.78) on Wednesday. The firm's 50 day simple moving average is GBX 4,110.96 and its 200 day simple moving average is GBX 3,869.69. 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 Berkeley Group has a one year low of GBX 3,462 ($47.06) and a one year high of GBX 5,588.54 ($75.97). The company has a market cap of £3.65 billion, a PE ratio of 9.74, a P/E/G ratio of -0.87 and a beta of 1.22.

Insider Activity at The Berkeley Group

In other The Berkeley Group news, insider Richard Stearn bought 7,000 shares of the business's stock in a transaction that occurred on Monday, June 23rd. The shares were acquired at an average cost of GBX 3,867 ($52.57) per share, for a total transaction of £270,690 ($367,985.32). Also, insider Robert C. G. Perrins bought 2,800 shares of the business's stock in a transaction that occurred on Wednesday, July 2nd. The shares were acquired at an average price of GBX 3,571 ($48.55) per share, for a total transaction of £99,988 ($135,927.13). Over the last quarter, insiders have purchased 22,800 shares of company stock worth $87,065,800. 4.84% of the stock is owned by corporate insiders.

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.

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