The Berkeley Group Holdings plc (LON:BKG) Given Consensus Recommendation of “Hold” by Brokerages

Shares of The Berkeley Group Holdings plc (LON:BKG) have been assigned an average recommendation of “Hold” from the seven research firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 4,614.86 ($57.98).

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. downgraded The Berkeley Group to a “neutral” rating in a report on Friday, April 12th. Royal Bank of Canada downgraded The Berkeley Group to an “underperform” rating and set a GBX 4,950 ($62.19) target price on the stock. in a report on Friday, April 12th.

The Berkeley Group Stock Performance

LON BKG opened at GBX 4,991.29 ($62.70) on Tuesday. The business’s 50-day moving average price is GBX 4,669.56 and its 200 day moving average price is GBX 4,631.87. The Berkeley Group has a twelve month low of GBX 3,634 ($45.65) and a twelve month high of GBX 5,040 ($63.32). The company has a market capitalization of £5.29 billion, a PE ratio of 1,185.58, a price-to-earnings-growth ratio of -0.87 and a beta of 1.19. The company has a current ratio of 3.57, a quick ratio of 0.57 and a debt-to-equity ratio of 19.49.

The Berkeley Group Cuts Dividend

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

Insider Buying and Selling at The Berkeley Group

In related news, insider Sarah Sands bought 319 shares of the company’s stock in a transaction dated Tuesday, March 26th. The stock was acquired at an average cost of GBX 4,698 ($59.02) per share, with a total value of £14,986.62 ($18,827.41). Insiders own 4.52% of the company’s stock.

About The Berkeley Group

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.