The Berkeley Group Holdings plc (LON:BKG) Receives Consensus Recommendation of “Hold” from Brokerages

The Berkeley Group Holdings plc (LON:BKG) has been given a consensus rating of “Hold” by the seven ratings firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is GBX 4,614.86 ($58.41).

A number of research analysts recently issued reports on BKG shares. Royal Bank of Canada lowered The Berkeley Group to an “underperform” rating and set a GBX 4,950 ($62.65) price objective for the company. in a research report on Friday. Peel Hunt lowered The Berkeley Group to a “hold” rating and set a GBX 4,450 ($56.32) price target for the company. in a research report on Thursday, December 14th. Finally, JPMorgan Chase & Co. lowered The Berkeley Group to a “neutral” rating in a research report on Friday.

Insider Transactions at The Berkeley Group

In related news, insider Sarah Sands purchased 319 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The stock was bought at an average price of GBX 4,698 ($59.46) per share, for a total transaction of £14,986.62 ($18,968.00). 4.86% of the stock is currently owned by corporate insiders.

The Berkeley Group Stock Performance

Shares of BKG traded up GBX 4 ($0.05) during mid-day trading on Friday, hitting GBX 4,568 ($57.82). The stock had a trading volume of 251,528 shares, compared to its average volume of 233,286. The Berkeley Group has a fifty-two week low of GBX 3,634 ($45.99) and a fifty-two week high of GBX 4,980 ($63.03). The company has a market cap of £4.85 billion, a PE ratio of 1,085.04, a PEG ratio of -0.87 and a beta of 1.19. The company has a quick ratio of 0.57, a current ratio of 3.57 and a debt-to-equity ratio of 19.49. The company’s fifty day simple moving average is GBX 4,679.40 and its two-hundred day simple moving average is GBX 4,550.77.

The Berkeley Group Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 7th were paid a dividend of GBX 33 ($0.42) per share. The ex-dividend date was Thursday, March 7th. This represents a dividend yield of 0.72%. The Berkeley Group’s dividend payout ratio (DPR) is presently 2,185.27%.

About The Berkeley Group

The Berkeley Group Holdings plc, together with its subsidiaries, engages in the residential-led and mixed-use property development and ancillary activities in the United Kingdom. The company is involved in land selling activities. It operates under the Berkeley, St Edward, St George, St James, St Joseph, and St William brand names.