UBS Group Reiterates Buy Rating for The Berkeley Group (LON:BKG)

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 reiterated by equities research analysts at UBS Group in a research report issued on Friday, MarketBeat reports. They presently have a GBX 4,965 price objective on the stock. UBS Group's price target indicates a potential upside of 33.11% from the company's current price.

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

The Berkeley Group Stock Up 0.1%

Shares of LON BKG traded up GBX 2 during mid-day trading on Friday, reaching GBX 3,730. 633,607 shares of the company's stock were exchanged, compared to its average volume of 752,718. The firm has a market capitalization of £3.72 billion, a price-to-earnings ratio of 9.92, a PEG ratio of -0.87 and a beta of 1.22. 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 fifty day simple moving average of GBX 3,778.56 and a 200 day simple moving average of GBX 3,847.72. The Berkeley Group has a twelve month low of GBX 3,462 and a twelve month high of GBX 5,437.50.

Insider Transactions at The Berkeley Group

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