The Berkeley Group (LON:BKG) Stock Rating Upgraded by JPMorgan Chase & Co.

The Berkeley Group (LON:BKG) was upgraded by analysts at JPMorgan Chase & Co. to an “overweight” rating in a research report issued on Wednesday, Marketbeat reports. The brokerage currently has a GBX 5,000 price target on the stock, up from their prior price target of GBX 4,700. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 14.21% from the stock’s current price.

Several other research firms have also recently issued reports on BKG. The Goldman Sachs Group assumed coverage on shares of The Berkeley Group in a research report on Monday, November 24th. They set a “sell” rating and a GBX 3,714 price objective for the company. Royal Bank Of Canada lowered shares of The Berkeley Group to an “underperform” rating and reduced their price target for the company from GBX 4,900 to GBX 3,700 in a research report on Tuesday, December 2nd. Three equities research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of GBX 4,475.80.

The Berkeley Group Stock Performance

Shares of The Berkeley Group stock opened at GBX 4,378 on Wednesday. The Berkeley Group has a one year low of GBX 3,484 and a one year high of GBX 4,380. The company has a market cap of £4.14 billion, a price-to-earnings ratio of 11.91, a PEG ratio of -0.87 and a beta of 1.22. The company has a debt-to-equity ratio of 18.66, a quick ratio of 0.57 and a current ratio of 3.39. The business’s 50 day moving average price is GBX 3,923.04 and its 200 day moving average price is GBX 3,844.69.

The Berkeley Group (LON:BKG) last issued its earnings results on Wednesday, December 10th. The company reported GBX 183.70 earnings per share (EPS) for the quarter. The Berkeley Group had a return on equity of 11.40% and a net margin of 16.13%.

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.

We specialise in brownfield regeneration, working closely with local communities and councils to revive underused land and create homes where they are needed most.