The Berkeley Group (LON:BKG) Rating Reiterated by JPMorgan Chase & Co.

The Berkeley Group (LON:BKGGet Rating)‘s stock had its “overweight” rating reaffirmed by analysts at JPMorgan Chase & Co. in a research note issued on Wednesday, Marketbeat Ratings reports.

BKG has been the topic of several other reports. Citigroup reaffirmed a “buy” rating and issued a GBX 4,665 ($56.37) price objective on shares of The Berkeley Group in a research report on Thursday, June 23rd. Liberum Capital reaffirmed a “buy” rating and issued a GBX 4,450 ($53.77) price objective on shares of The Berkeley Group in a research report on Wednesday, May 25th. Berenberg Bank raised The Berkeley Group to a “buy” rating and upped their price objective for the company from GBX 4,120 ($49.78) to GBX 4,500 ($54.37) in a research report on Monday, September 12th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 5,535 ($66.88) price objective on shares of The Berkeley Group in a research report on Thursday, June 23rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, The Berkeley Group has an average rating of “Moderate Buy” and an average target price of GBX 4,831.25 ($58.38).

The Berkeley Group Stock Performance

The Berkeley Group stock opened at GBX 3,552 ($42.92) on Wednesday. The company has a quick ratio of 0.54, a current ratio of 3.16 and a debt-to-equity ratio of 21.23. The company has a market capitalization of £3.87 billion and a P/E ratio of 864.23. The stock’s 50 day moving average is GBX 3,871.02 and its 200 day moving average is GBX 3,934.60. The Berkeley Group has a twelve month low of GBX 3,357 ($40.56) and a twelve month high of GBX 4,919 ($59.44).

Insider Transactions at The Berkeley Group

In related news, insider Andy Kemp acquired 2,636 shares of The Berkeley Group stock in a transaction dated Monday, September 12th. The stock was purchased at an average cost of GBX 3,604 ($43.55) per share, for a total transaction of £95,001.44 ($114,791.49). In related news, insider Andy Kemp acquired 2,636 shares of The Berkeley Group stock in a transaction dated Monday, September 12th. The stock was purchased at an average cost of GBX 3,604 ($43.55) per share, for a total transaction of £95,001.44 ($114,791.49). Also, insider Elizabeth Adekunle acquired 554 shares of The Berkeley Group stock in a transaction dated Thursday, September 1st. The stock was bought at an average price of GBX 3,585 ($43.32) per share, with a total value of £19,860.90 ($23,998.19).

About The Berkeley Group

(Get Rating)

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 is also involved in land selling activities. It operates under the Berkeley, St Edward, St George, St James, St Joseph, and St William brand names.

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Analyst Recommendations for The Berkeley Group (LON:BKG)

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