The Berkeley Group (LON:BKG) Stock Passes Below Two Hundred Day Moving Average of $4,124.23

The Berkeley Group Holdings plc (LON:BKG) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 4,124.23 ($51.09) and traded as low as GBX 4,081 ($50.55). The Berkeley Group shares last traded at GBX 4,085 ($50.60), with a volume of 129,049 shares.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Jefferies Financial Group reduced their price objective on shares of The Berkeley Group from GBX 4,651 ($57.61) to GBX 4,474 ($55.42) and set a “hold” rating on the stock in a research note on Thursday, June 22nd. Berenberg Bank restated a “buy” rating and set a GBX 5,100 ($63.17) price objective on shares of The Berkeley Group in a research note on Thursday, June 22nd. JPMorgan Chase & Co. lowered their price objective on shares of The Berkeley Group from GBX 4,800 ($59.46) to GBX 4,400 ($54.50) and set an “overweight” rating on the stock in a research note on Tuesday, July 4th. Peel Hunt reaffirmed an “add” rating and set a GBX 3,900 ($48.31) target price on shares of The Berkeley Group in a report on Friday, September 8th. Finally, UBS Group lifted their target price on shares of The Berkeley Group from GBX 4,450 ($55.12) to GBX 4,580 ($56.73) and gave the stock a “buy” rating in a report on Monday, June 12th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, The Berkeley Group presently has an average rating of “Moderate Buy” and a consensus target price of GBX 4,420.13 ($54.75).

The Berkeley Group Stock Up 0.3 %

The stock’s fifty day simple moving average is GBX 4,133.18 and its 200-day simple moving average is GBX 4,124.23. The company has a debt-to-equity ratio of 19.96, a quick ratio of 0.57 and a current ratio of 3.43. The stock has a market cap of £4.35 billion, a P/E ratio of 970.38, a P/E/G ratio of -0.87 and a beta of 1.15.

The Berkeley Group Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, September 8th. Investors of record on Thursday, August 17th were given a dividend of GBX 59.30 ($0.73) per share. This represents a yield of 1.39%. The ex-dividend date of this dividend was Thursday, August 17th. The Berkeley Group’s dividend payout ratio is 3,056.87%.

Insider Buying and Selling at The Berkeley Group

In other news, insider Sarah Sands acquired 247 shares of The Berkeley Group stock in a transaction dated Thursday, July 13th. The shares were bought at an average cost of GBX 3,998 ($49.52) per share, with a total value of £9,875.06 ($12,232.21). Corporate insiders own 5.16% of the company’s stock.

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.