The Berkeley Group’s (BKG) “Buy” Rating Reiterated at Jefferies Financial Group

by · The Markets Daily

The Berkeley Group (LON:BKG – Get Free Report)‘s stock had its “buy” rating reissued by stock analysts at Jefferies Financial Group in a research note issued on Friday, Digital Look reports. They presently have a GBX 4,301 price target on the stock. Jefferies Financial Group’s price target suggests a potential upside of 29.94% from the stock’s previous close.

A number of other brokerages have also commented on BKG. Royal Bank Of Canada increased their price objective on The Berkeley Group from GBX 3,850 to GBX 4,100 and gave the company an “outperform” rating in a research report on Thursday, June 25th. Citigroup dropped their target price on The Berkeley Group from £375.40 to £365 and set a “neutral” rating for the company in a research report on Friday, June 26th. Finally, Berenberg Bank restated a “hold” rating and set a GBX 4,000 target price on shares of The Berkeley Group in a research report on Friday, June 26th. Four equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of GBX 8,690.71.

View Our Latest Stock Report on BKG

The Berkeley Group Stock Performance

Shares of The Berkeley Group stock opened at GBX 3,310 on Friday. The company has a debt-to-equity ratio of 18.24, a current ratio of 3.58 and a quick ratio of 0.57. The firm has a market cap of £3.01 billion, a P/E ratio of 10.00, a P/E/G ratio of -0.87 and a beta of 1.18. The firm has a 50 day simple moving average of GBX 3,399.12 and a 200 day simple moving average of GBX 3,396.65. The Berkeley Group has a fifty-two week low of GBX 2,796 and a fifty-two week high of GBX 4,442.

Insider Buying and Selling

In other The Berkeley Group news, insider Richard Stearn acquired 1,128 shares of The Berkeley Group stock in a transaction on Tuesday, August 11th. The shares were purchased at an average cost of GBX 3,526 per share, with a total value of £39,773.28. Also, insider Neil Eady acquired 3,405 shares of The Berkeley Group stock in a transaction on Tuesday, August 11th. The stock was acquired at an average cost of GBX 3,515 per share, for a total transaction of £119,685.75. Over the last three months, insiders have purchased 5,097 shares of company stock valued at $17,931,747. 8.42% of the stock is currently owned by insiders.

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.

We specialise in brownfield regeneration, working closely with local communities and councils to revive underused land and create homes where they are needed most.

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