The Berkeley Group (LON:BKG) Insider Rachel Downey Acquires 575 Shares

The Berkeley Group Holdings plc (LON:BKG) insider Rachel Downey purchased 575 shares of the firm’s stock in a transaction that occurred on Wednesday, April 15th. The shares were bought at an average cost of GBX 3,449 per share, for a total transaction of £19,831.75.

The Berkeley Group Stock Down 0.2%

LON:BKG opened at GBX 3,382 on Thursday. The firm’s 50 day simple moving average is GBX 3,833.42 and its 200 day simple moving average is GBX 3,895.80. The company has a debt-to-equity ratio of 18.94, a current ratio of 3.54 and a quick ratio of 0.57. The Berkeley Group Holdings plc has a one year low of GBX 2,796 and a one year high of GBX 4,442. The company has a market cap of £3.18 billion, a PE ratio of 9.20, a P/E/G ratio of -0.87 and a beta of 1.26.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on BKG shares. Royal Bank Of Canada upgraded shares of The Berkeley Group to a “sector perform” rating and set a GBX 3,900 target price on the stock in a research report on Wednesday, April 1st. Berenberg Bank cut their target price on shares of The Berkeley Group from GBX 4,500 to GBX 4,000 and set a “buy” rating on the stock in a research report on Thursday, April 2nd. Bank of America upgraded shares of The Berkeley Group to a “buy” rating and cut their target price for the stock from GBX 4,080 to GBX 4,020 in a research report on Monday, March 30th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 4,598 target price on shares of The Berkeley Group in a research report on Tuesday, April 7th. Finally, JPMorgan Chase & Co. dropped their price target on shares of The Berkeley Group from GBX 5,000 to GBX 4,200 and set an “overweight” rating on the stock in a research report on Thursday, April 2nd. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 4,199.57.

The Berkeley Group Company Profile

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.