Berkeley Group (LON:BKG)‘s stock had its “hold” rating restated by equities research analysts at Deutsche Bank in a note issued to investors on Monday, December 18th. They presently have a GBX 4,017 ($54.48) price target on the stock. Deutsche Bank’s target price suggests a potential downside of 2.62% from the company’s previous close.
Several other equities analysts have also issued reports on the stock. Bank of America reiterated an “underperform” rating and set a GBX 2,850 ($38.65) target price on shares of Berkeley Group in a report on Tuesday, September 12th. Peel Hunt reiterated a “buy” rating and set a GBX 4,390 ($59.53) target price on shares of Berkeley Group in a report on Wednesday, September 6th. Shore Capital reiterated a “hold” rating on shares of Berkeley Group in a report on Wednesday, November 8th. Barclays lowered shares of Berkeley Group to an “underweight” rating and set a GBX 3,628 ($49.20) target price for the company. in a report on Monday, October 30th. Finally, Credit Suisse Group reiterated an “underperform” rating and set a GBX 2,985 ($40.48) target price on shares of Berkeley Group in a report on Thursday, October 26th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. Berkeley Group presently has a consensus rating of “Hold” and a consensus target price of GBX 3,765.25 ($51.06).
Shares of Berkeley Group (LON BKG) traded down GBX 17 ($0.23) on Monday, reaching GBX 4,125 ($55.94). 1,510,422 shares of the company’s stock traded hands, compared to its average volume of 699,575. Berkeley Group has a twelve month low of GBX 2,774.04 ($37.62) and a twelve month high of GBX 4,270 ($57.91). The stock has a market capitalization of $5,590.00 and a price-to-earnings ratio of 750.00.
Berkeley Group (LON:BKG) last issued its quarterly earnings data on Friday, December 8th. The company reported GBX 316.60 ($4.29) EPS for the quarter. Berkeley Group had a net margin of 26.93% and a return on equity of 38.00%. The business had revenue of GBX 160.77 billion during the quarter.
In other Berkeley Group news, insider John Armitt sold 1,000 shares of Berkeley Group stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of GBX 4,103 ($55.64), for a total value of £41,030 ($55,641.44). Also, insider Robert C. G. Perrins sold 500,000 shares of Berkeley Group stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of GBX 3,850 ($52.21), for a total transaction of £19,250,000 ($26,105,234.61).
TRADEMARK VIOLATION NOTICE: This piece of content was published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this piece of content on another site, it was stolen and reposted in violation of U.S. & international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://www.dispatchtribunal.com/2018/01/13/berkeley-groups-bkg-hold-rating-reaffirmed-at-deutsche-bank.html.
About Berkeley Group
The Berkeley Group Holdings plc is a holding company. The Company, along with its subsidiaries, is engaged in residential-led, mixed-use property development. Its segments include Residential-led mixed-use development and Other activities. Its brands include Berkeley, which creates medium to large-scale developments in towns, cities and the countryside, encompassing executive homes, mixed use schemes, riverside apartments, refurbished historic buildings and urban loft spaces; St George, which is involved in mixed use sustainable regeneration in London; St James, which handles projects that embrace private residential development, commercial property, recreational and community facilities; St Edward, which offers residentially led developments, and St William.
Receive News & Ratings for Berkeley Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Berkeley Group and related companies with MarketBeat.com's FREE daily email newsletter.