The Berkeley Group (LON:BKG) Upgraded to Sector Perform at Royal Bank Of Canada

Royal Bank Of Canada upgraded shares of The Berkeley Group (LON:BKGFree Report) to a sector perform rating in a research note issued to investors on Wednesday,London Stock Exchange reports. The firm currently has GBX 3,900 price target on the stock.

Several other research firms have also recently commented on BKG. JPMorgan Chase & Co. raised shares of The Berkeley Group to an “overweight” rating and raised their target price for the stock from GBX 4,700 to GBX 5,000 in a research report on Wednesday, February 4th. Bank of America upgraded shares of The Berkeley Group to a “buy” rating and reduced their price target for the company from GBX 4,080 to GBX 4,020 in a research report on Monday. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 4,433.17.

View Our Latest Stock Analysis on BKG

The Berkeley Group Stock Performance

LON:BKG opened at GBX 3,132.34 on Wednesday. The stock has a market cap of £2.96 billion, a P/E ratio of 8.52, a price-to-earnings-growth ratio of -0.87 and a beta of 1.19. The firm’s fifty day simple moving average is GBX 3,992.22 and its 200 day simple moving average is GBX 3,919.74. The Berkeley Group has a twelve month low of GBX 2,796 and a twelve month high of GBX 4,442. The company has a quick ratio of 0.57, a current ratio of 3.54 and a debt-to-equity ratio of 18.94.

The Berkeley Group News Roundup

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About The Berkeley Group

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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.

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