The Berkeley Group (LON:BKG) Earns Buy Rating from UBS Group

Key Points

• UBS Group has restated a "buy" rating for The Berkeley Group, setting a price objective of GBX 4,965 ($67.18), indicating a potential upside of 30.93% from the previous close.
• Royal Bank Of Canada has upgraded The Berkeley Group to an "outperform" rating, increasing their price target from GBX 4,550 ($61.56) to GBX 4,900 ($66.30).
• Insiders at The Berkeley Group have been active, with purchases totaling 25,616 shares worth approximately £99,968 ($135,256.39) indicating confidence in the company's future.

The Berkeley Group (LON:BKG - Get Free Report)'s stock had its "buy" rating restated by research analysts at UBS Group in a report issued on Friday, Marketbeat.com reports. They presently have a GBX 4,965 target price on the stock. UBS Group's price objective would suggest a potential upside of 33.18% from the company's current price.

Separately, Royal Bank Of Canada upgraded shares of The Berkeley Group to an "outperform" rating and raised their target price for the stock from GBX 4,550 to GBX 4,900 in a research report on Wednesday, July 9th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, The Berkeley Group currently has an average rating of "Moderate Buy" and an average target price of GBX 4,855.

The Berkeley Group Stock Up 0.4%

BKG stock traded up GBX 16 during trading on Friday, hitting GBX 3,728. 565,090 shares of the company's stock were exchanged, compared to its average volume of 753,765. The stock has a market capitalization of £3.72 billion, a price-to-earnings ratio of 9.91, a PEG ratio of -0.87 and a beta of 1.22. The Berkeley Group has a 52-week low of GBX 3,462 and a 52-week high of GBX 5,475.52. 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 business has a 50-day moving average price of GBX 3,789.88 and a two-hundred day moving average price of GBX 3,848.53.

Insider Buying and Selling at The Berkeley Group

In other The Berkeley Group news, insider Richard Stearn bought 7,000 shares of the company's stock in a transaction that occurred on Monday, June 23rd. The stock was purchased at an average cost of GBX 3,867 per share, for a total transaction of £270,690. Also, insider Robert C. G. Perrins acquired 13,000 shares of the business's stock in a transaction dated Friday, June 20th. The shares were bought at an average price of GBX 3,846 per share, for a total transaction of £499,980. Insiders acquired a total of 25,616 shares of company stock valued at $97,062,600 over the last quarter. 4.84% of the stock is currently owned by 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.