The Berkeley Group (LON:BKG) Hits New 52-Week High at $5,040.00

The Berkeley Group Holdings plc (LON:BKG)’s share price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 5,040 ($63.31) and last traded at GBX 4,991.29 ($62.70), with a volume of 263442 shares trading hands. The stock had previously closed at GBX 4,802 ($60.32).

Wall Street Analyst Weigh In

Several equities research analysts recently commented on BKG shares. Royal Bank of Canada cut The Berkeley Group to an “underperform” rating and set a GBX 4,950 ($62.18) target price on the stock. in a report on Friday, April 12th. JPMorgan Chase & Co. downgraded The Berkeley Group to a “neutral” rating in a research note on Friday, April 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, The Berkeley Group has a consensus rating of “Hold” and a consensus price target of GBX 4,614.86 ($57.97).

The Berkeley Group Price Performance

The company has a fifty day simple moving average of GBX 4,662.42 and a 200-day simple moving average of GBX 4,620. The company has a market cap of £5.34 billion, a P/E ratio of 1,197.15, a PEG ratio of -0.87 and a beta of 1.19. 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 business also recently announced a dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 7th were given a dividend of GBX 33 ($0.41) per share. This represents a dividend yield of 0.72%. The ex-dividend date of this dividend was Thursday, March 7th. The Berkeley Group’s dividend payout ratio (DPR) is presently 2,185.27%.

Insider Activity

In related news, insider Sarah Sands acquired 319 shares of the business’s stock in a transaction on Tuesday, March 26th. The shares were purchased at an average price of GBX 4,698 ($59.01) per share, for a total transaction of £14,986.62 ($18,825.05). 4.52% of the stock is currently owned by company 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.