The Berkeley Group’s (BKG) Buy Rating Reaffirmed at Jefferies Financial Group

Jefferies Financial Group reissued their buy rating on shares of The Berkeley Group (LON:BKG) in a research report report published on Tuesday morning,London Stock Exchange reports. The firm currently has a GBX 4,598 target price on the stock.

Other equities analysts have also issued reports about the company. Royal Bank Of Canada upgraded The Berkeley Group to a “sector perform” rating and set a GBX 3,900 price target for the company in a research note on Wednesday, April 1st. Berenberg Bank dropped their price target on The Berkeley Group from GBX 4,500 to GBX 4,000 and set a “buy” rating for the company in a research note on Thursday, April 2nd. Bank of America upgraded The Berkeley Group to a “buy” rating and dropped their price target for the stock from GBX 4,080 to GBX 4,020 in a research note on Monday, March 30th. Finally, JPMorgan Chase & Co. dropped their price target on The Berkeley Group from GBX 5,000 to GBX 4,200 and set an “overweight” rating for the company in a research note on Thursday, April 2nd. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, The Berkeley Group presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 4,199.57.

The Berkeley Group Stock Performance

The Berkeley Group stock opened at GBX 3,210 on Tuesday. The firm has a market capitalization of £3.01 billion, a P/E ratio of 8.73, a PEG ratio of -0.87 and a beta of 1.19. The stock has a fifty day moving average price of GBX 3,923.30 and a 200 day moving average price of GBX 3,907.71. The Berkeley Group has a 52 week low of GBX 2,796 and a 52 week high of GBX 4,442. The company has a current ratio of 3.54, a quick ratio of 0.57 and a debt-to-equity ratio of 18.94.

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.