The Berkeley Group (LON:BKG) Releases Quarterly Earnings Results

by · The Cerbat Gem

The Berkeley Group (LON:BKG – Get Free Report) announced its quarterly earnings data on Wednesday. The company reported GBX 183.70 earnings per share for the quarter, Digital Look Earnings reports. The Berkeley Group had a return on equity of 11.40% and a net margin of 16.13%.

The Berkeley Group Trading Up 1.9%

LON:BKG opened at GBX 3,766 on Thursday. The firm has a market capitalization of £3.60 billion, a P/E ratio of 10.18, a P/E/G ratio of -0.87 and a beta of 1.22. The company has a quick ratio of 0.57, a current ratio of 3.39 and a debt-to-equity ratio of 18.66. The company has a fifty day moving average of GBX 3,900.77 and a 200 day moving average of GBX 3,837.52. The Berkeley Group has a 52 week low of GBX 3,462 and a 52 week high of GBX 4,369.96.

Analysts Set New Price Targets

BKG has been the topic of a number of recent research reports. UBS Group reiterated a “buy” rating and set a GBX 4,965 price target on shares of The Berkeley Group in a research report on Friday, August 15th. The Goldman Sachs Group assumed coverage on shares of The Berkeley Group in a report on Monday, November 24th. They set a “sell” rating and a GBX 3,714 target price on the stock. Berenberg Bank reiterated a “buy” rating and issued a GBX 5,000 target price on shares of The Berkeley Group in a research report on Monday, September 8th. Finally, Royal Bank Of Canada lowered shares of The Berkeley Group to an “underperform” rating and cut their price target for the company from GBX 4,900 to GBX 3,700 in a research report on Tuesday, December 2nd. Two equities research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of GBX 4,344.75.

Get Our Latest Stock Analysis on BKG

Insider Activity

In other news, insider Neil Eady acquired 1,325 shares of the stock in a transaction dated Monday, September 29th. The stock was purchased at an average cost of GBX 3,773 per share, with a total value of £49,992.25. Insiders own 8.01% 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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