Shares of Berkeley Group Holdings PLC (LON:BKG) have received a consensus recommendation of “Hold” from the fifteen ratings firms that are currently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is GBX 3,891.50 ($50.85).
Several equities analysts have recently weighed in on the stock. Berenberg Bank upped their price objective on shares of Berkeley Group from GBX 3,280 ($42.86) to GBX 3,480 ($45.47) and gave the company a “hold” rating in a report on Friday, June 21st. UBS Group reiterated a “buy” rating and set a GBX 4,700 ($61.41) price objective (up previously from GBX 4,600 ($60.11)) on shares of Berkeley Group in a report on Thursday, June 20th. Shore Capital reiterated a “hold” rating on shares of Berkeley Group in a report on Wednesday, June 19th. Canaccord Genuity dropped their price objective on shares of Berkeley Group from GBX 3,980 ($52.01) to GBX 3,850 ($50.31) and set a “buy” rating on the stock in a report on Thursday, June 20th. Finally, Goldman Sachs Group reiterated a “neutral” rating on shares of Berkeley Group in a report on Thursday, June 13th.
In related news, insider Sean Ellis sold 31,295 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of GBX 3,897 ($50.92), for a total value of £1,219,566.15 ($1,593,579.18). Also, insider Anthony W. Pidgley sold 1,000,000 shares of the company’s stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of GBX 3,720 ($48.61), for a total transaction of £37,200,000 ($48,608,388.87). Insiders sold a total of 1,062,795 shares of company stock worth $3,962,192,115 in the last 90 days.
BKG traded up GBX 49 ($0.64) during trading on Friday, reaching GBX 3,829 ($50.03). 428,899 shares of the stock traded hands, compared to its average volume of 641,898. The company has a quick ratio of 0.85, a current ratio of 2.83 and a debt-to-equity ratio of 10.12. The stock has a market capitalization of $4.83 billion and a PE ratio of 8.15. The stock’s 50-day moving average is GBX 3,814.48 and its 200 day moving average is GBX 3,762.32. Berkeley Group has a 12 month low of GBX 3,170 ($41.42) and a 12 month high of GBX 3,992 ($52.16).
The firm also recently announced a dividend, which will be paid on Friday, September 13th. Investors of record on Thursday, August 22nd will be issued a GBX 20.08 ($0.26) dividend. This represents a dividend yield of 0.53%. The ex-dividend date is Thursday, August 22nd. This is a positive change from Berkeley Group’s previous dividend of $7.12. Berkeley Group’s dividend payout ratio is currently 0.09%.
About Berkeley Group
The Berkeley Group Holdings plc, together with its subsidiaries, engages in the residential-led and mixed-use property development activities in the United Kingdom. It operates under the Berkeley, St Edward, St George, St James, St Joseph, St William, Berkeley First, Berkeley Commercial, Berkeley Partnership, and Berkeley Modular brands.
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