The Berkeley Group (LON:BKG) Share Price Passes Above Two Hundred Day Moving Average of $4,569.78

The Berkeley Group Holdings plc (LON:BKG) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 4,569.78 ($56.89) and traded as high as GBX 4,602 ($57.29). The Berkeley Group shares last traded at GBX 4,542 ($56.54), with a volume of 229,437 shares.

Analyst Upgrades and Downgrades

BKG has been the subject of a number of recent analyst reports. Royal Bank of Canada downgraded shares of The Berkeley Group to an “underperform” rating and set a GBX 4,950 ($61.62) target price for the company. in a report on Friday, April 12th. JPMorgan Chase & Co. downgraded shares of The Berkeley Group to a “neutral” rating in a report on Friday, April 12th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, The Berkeley Group currently has an average rating of “Hold” and a consensus target price of GBX 4,614.86 ($57.45).

The Berkeley Group Stock Down 1.7 %

The company has a market cap of £4.82 billion, a price-to-earnings ratio of 1,078.86, a price-to-earnings-growth ratio of -0.87 and a beta of 1.19. The firm’s 50-day moving average price is GBX 4,658.82 and its 200-day moving average price is GBX 4,569.78. The company has a debt-to-equity ratio of 19.49, a current ratio of 3.57 and a quick ratio of 0.57.

The Berkeley Group Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 7th were paid a GBX 33 ($0.41) dividend. The ex-dividend date was Thursday, March 7th. This represents a dividend yield of 0.72%. The Berkeley Group’s dividend payout ratio (DPR) is presently 2,185.27%.

Insider Activity

In other news, insider Sarah Sands bought 319 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The stock was acquired at an average cost of GBX 4,698 ($58.48) per share, for a total transaction of £14,986.62 ($18,656.32). Insiders own 4.53% 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.