The Berkeley Group (LON:BKG) Hits New 12-Month Low – Here’s Why

The Berkeley Group Holdings plc (LON:BKG)’s stock price reached a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 3,482 and last traded at GBX 3,484, with a volume of 17963098 shares traded. The stock had previously closed at GBX 3,548.

Wall Street Analysts Forecast Growth

Several research firms have commented on BKG. JPMorgan Chase & Co. raised The Berkeley Group to an “overweight” rating and lifted their price target for the stock from GBX 4,700 to GBX 5,000 in a research report on Wednesday, February 4th. Royal Bank Of Canada lowered shares of The Berkeley Group to an “underperform” rating and lowered their target price for the stock from GBX 4,900 to GBX 3,700 in a research report on Tuesday, December 2nd. Finally, The Goldman Sachs Group started coverage on shares of The Berkeley Group in a report on Monday, November 24th. They issued a “sell” rating and a GBX 3,714 target price on the stock. Three analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, The Berkeley Group currently has a consensus rating of “Hold” and an average target price of GBX 4,475.80.

The Berkeley Group Price Performance

The company has a 50-day moving average of GBX 4,080.55 and a 200-day moving average of GBX 3,931.53. The company has a debt-to-equity ratio of 18.94, a quick ratio of 0.57 and a current ratio of 3.54. The stock has a market cap of £3.30 billion, a price-to-earnings ratio of 9.51, a PEG ratio of -0.87 and a beta of 1.19.

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.