Berkeley Group (BKG) Earns Buy Rating from Peel Hunt

Peel Hunt restated their buy rating on shares of Berkeley Group (LON:BKG) in a report issued on Tuesday morning.

A number of other brokerages have also issued reports on BKG. Berenberg Bank assumed coverage on shares of Berkeley Group in a research note on Wednesday, July 25th. They set a hold rating and a GBX 3,360 ($43.90) price target on the stock. Deutsche Bank boosted their price target on shares of Berkeley Group from GBX 4,014 ($52.45) to GBX 4,095 ($53.51) and gave the stock a hold rating in a research note on Thursday, August 30th. Credit Suisse Group decreased their price objective on shares of Berkeley Group from GBX 3,579 ($46.77) to GBX 3,433 ($44.86) and set an underperform rating on the stock in a report on Thursday, August 23rd. Barclays boosted their price objective on shares of Berkeley Group from GBX 3,729 ($48.73) to GBX 3,873 ($50.61) and gave the stock an underweight rating in a report on Wednesday, September 12th. Finally, Goodbody downgraded shares of Berkeley Group to a sell rating and decreased their price objective for the stock from GBX 3,800 ($49.65) to GBX 3,400 ($44.43) in a report on Friday, July 6th. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. Berkeley Group currently has a consensus rating of Hold and a consensus price target of GBX 3,891.25 ($50.85).

Shares of Berkeley Group stock opened at GBX 3,597 ($47.00) on Tuesday. Berkeley Group has a 52-week low of GBX 2,903 ($37.93) and a 52-week high of GBX 4,270 ($55.80).

In other Berkeley Group news, insider Sean Ellis sold 5,463 shares of the stock in a transaction on Monday, October 1st. The shares were sold at an average price of GBX 3,587 ($46.87), for a total transaction of £195,957.81 ($256,053.59). Also, insider Peter Vernon acquired 609 shares of Berkeley Group stock in a transaction on Tuesday, October 23rd. The shares were bought at an average price of GBX 3,263 ($42.64) per share, for a total transaction of £19,871.67 ($25,965.86).

Berkeley Group Company Profile

The Berkeley Group Holdings plc, together with its subsidiaries, engages in the residential-led and mixed-use property development activities in the United Kingdom. The company builds homes, neighbourhoods, communities, luxury homes, and affordable housing for families, first time buyers, students, and senior people in London and the south of England markets.

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Analyst Recommendations for Berkeley Group (LON:BKG)

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