The Berkeley Group (LON:BKG – Get Free Report)‘s stock had its “add” rating reissued by investment analysts at Peel Hunt in a research report issued on Friday, Marketbeat.com reports. They presently have a GBX 3,900 ($49.25) price target on the stock. Peel Hunt’s price target would suggest a potential downside of 1.81% from the stock’s current price.
A number of other analysts also recently issued reports on BKG. Barclays reiterated an “overweight” rating and issued a GBX 4,350 ($54.94) price target on shares of The Berkeley Group in a report on Thursday, June 22nd. UBS Group increased their price target on The Berkeley Group from GBX 4,450 ($56.20) to GBX 4,580 ($57.84) and gave the company a “buy” rating in a research note on Monday, June 12th. Jefferies Financial Group reduced their price objective on The Berkeley Group from GBX 4,651 ($58.74) to GBX 4,474 ($56.50) and set a “hold” rating on the stock in a research note on Thursday, June 22nd. Berenberg Bank reiterated a “buy” rating and set a GBX 5,100 ($64.41) target price on shares of The Berkeley Group in a research report on Thursday, June 22nd. Finally, JPMorgan Chase & Co. reduced their price target on shares of The Berkeley Group from GBX 4,800 ($60.62) to GBX 4,400 ($55.57) and set an “overweight” rating on the stock in a research report on Tuesday, July 4th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, The Berkeley Group presently has a consensus rating of “Moderate Buy” and an average price target of GBX 4,420.13 ($55.82).
The Berkeley Group Stock Performance
Insiders Place Their Bets
In other The Berkeley Group news, insider Sarah Sands purchased 247 shares of The Berkeley Group stock in a transaction dated Thursday, July 13th. The shares were purchased at an average cost of GBX 3,998 ($50.49) per share, for a total transaction of £9,875.06 ($12,471.66). 5.16% of the stock is owned by insiders.
The Berkeley Group Company Profile
The Berkeley Group Holdings plc, together with its subsidiaries, engages in the residential-led and mixed-use property development and ancillary activities in the United Kingdom. The company is involved in land selling activities. It operates under the Berkeley, St Edward, St George, St James, St Joseph, and St William brand names.
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