Deutsche Bank Reiterates “Hold” Rating for Berkeley Group (LON:BKG)

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).

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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.

Analyst Recommendations for Berkeley Group (LON:BKG)

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