The Berkeley Group (LON:BKG) Earns Buy Rating from Berenberg Bank

The Berkeley Group (LON:BKG)‘s stock had its “buy” rating reaffirmed by equities researchers at Berenberg Bank in a research note issued to investors on Monday, MarketBeat Ratings reports. They currently have a GBX 5,000 price target on the stock. Berenberg Bank’s target price would indicate a potential upside of 38.35% from the stock’s previous close.

Several other equities analysts have also issued reports on BKG. Royal Bank Of Canada upgraded The Berkeley Group to an “outperform” rating and boosted their price objective for the company from GBX 4,550 to GBX 4,900 in a research report on Wednesday, July 9th. UBS Group restated a “buy” rating and issued a GBX 4,965 price target on shares of The Berkeley Group in a research note on Friday, August 15th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 4,891.25.

The Berkeley Group Price Performance

The Berkeley Group stock opened at GBX 3,614 on Monday. The firm has a market capitalization of £3.46 billion, a P/E ratio of 976.76, a PEG ratio of -0.87 and a beta of 1.22. The Berkeley Group has a 1 year low of GBX 3,462 and a 1 year high of GBX 5,022. The business has a 50-day moving average of GBX 3,673.83 and a 200-day moving average of GBX 3,835.60. The company has a current ratio of 3.39, a quick ratio of 0.57 and a debt-to-equity ratio of 18.66.

Insider Activity

In related news, insider Robert C. G. Perrins purchased 2,816 shares of the firm’s stock in a transaction that occurred on Tuesday, July 15th. The stock was acquired at an average price of GBX 3,550 per share, for a total transaction of £99,968. Also, insider Richard Stearn purchased 7,000 shares of the firm’s stock in a transaction that occurred on Monday, June 23rd. The shares were bought at an average price of GBX 3,867 per share, with a total value of £270,690. Over the last three months, insiders have bought 25,616 shares of company stock valued at $97,062,600. 7.86% of the stock is currently owned by insiders.

About The Berkeley Group

At Berkeley Group we build homes and neighbourhoods across London, Birmingham and the South of England.

Our passion and purpose is to build quality homes, strengthen communities and make a positive difference to people’s lives. We use our sustained commercial success to make valuable and enduring contributions that benefit all our stakeholders.