Berkeley Group (BKG) Stock Rating Reaffirmed by Deutsche Bank

Berkeley Group (LON:BKG)‘s stock had its “hold” rating reaffirmed by research analysts at Deutsche Bank in a report released on Monday, January 29th.

A number of other equities research analysts have also recently weighed in on BKG. Credit Suisse Group lifted their price objective on shares of Berkeley Group from GBX 2,985 ($41.85) to GBX 3,579 ($50.18) and gave the company an “underperform” rating in a research note on Tuesday, January 16th. Jefferies Group cut shares of Berkeley Group to a “hold” rating and lifted their price objective for the company from GBX 3,958 ($55.50) to GBX 4,214 ($59.09) in a research note on Wednesday, December 13th. Liberum Capital restated a “hold” rating and set a GBX 3,317 ($46.51) price objective on shares of Berkeley Group in a research note on Friday, December 8th. Shore Capital restated a “hold” rating on shares of Berkeley Group in a research note on Friday, December 8th. Finally, JPMorgan Chase & Co. cut shares of Berkeley Group to a “neutral” rating and lifted their price objective for the company from GBX 4,000 ($56.09) to GBX 4,300 ($60.29) in a research note on Thursday, December 14th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of GBX 3,823.17 ($53.61).

Shares of Berkeley Group (LON:BKG) traded down GBX 49 ($0.69) during midday trading on Monday, hitting GBX 3,849 ($53.97). 655,510 shares of the company were exchanged, compared to its average volume of 499,753. Berkeley Group has a fifty-two week low of GBX 2,801 ($39.27) and a fifty-two week high of GBX 4,270 ($59.87). The company has a market capitalization of $5,210.00 and a PE ratio of 699.82.

Berkeley Group (LON:BKG) last issued its quarterly earnings data on Friday, December 8th. The company reported GBX 316.60 ($4.44) earnings per share 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 for the quarter.

In related news, insider John Armitt sold 1,000 shares of Berkeley Group stock in a transaction dated Monday, December 11th. The stock was sold at an average price of GBX 4,103 ($57.53), for a total value of £41,030 ($57,529.44). Also, insider Anthony W. Pidgley sold 215,101 shares of Berkeley Group stock in a transaction dated Friday, January 19th. The stock was sold at an average price of GBX 4,190 ($58.75), for a total value of £9,012,731.90 ($12,637,032.95).

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Berkeley Group Company Profile

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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