Brokerages Set The Berkeley Group Holdings plc (LON:BKG) Target Price at GBX 4,399.83

The Berkeley Group Holdings plc (LON:BKG) has earned an average rating of “Moderate Buy” from the six brokerages that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 4,433.17.

BKG has been the topic of a number of analyst reports. JPMorgan Chase & Co. raised The Berkeley Group to an “overweight” rating and increased their price target for the company 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 cut their target price for the stock from GBX 4,080 to GBX 4,020 in a research note on Monday. Finally, Royal Bank Of Canada raised shares of The Berkeley Group to a “sector perform” rating and set a GBX 3,900 target price on the stock in a report on Wednesday.

The Berkeley Group Stock Performance

Shares of BKG stock opened at GBX 3,104 on Monday. The firm has a 50 day moving average of GBX 3,992.22 and a two-hundred day moving average of GBX 3,919.74. The stock has a market capitalization of £2.93 billion, a PE ratio of 8.45, a P/E/G ratio of -0.87 and a beta of 1.19. 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 has a 52 week low of GBX 2,796 and a 52 week high of GBX 4,442.

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.