Berenberg Bank Reaffirms “Buy” Rating for The Berkeley Group (LON:BKG)

The Berkeley Group (LON:BKG)‘s stock had its “buy” rating restated by Berenberg Bank in a report issued on Monday, MarketBeat Ratings reports. They presently have a GBX 5,000 price target on the stock. Berenberg Bank’s target price indicates a potential upside of 38.35% from the company’s current price.

A number of other brokerages have also recently commented on BKG. UBS Group reaffirmed a “buy” rating and set a GBX 4,965 price target on shares of The Berkeley Group in a research report on Friday, August 15th. Royal Bank Of Canada raised The Berkeley Group to an “outperform” rating and upped their price target for the company from GBX 4,550 to GBX 4,900 in a research report on Wednesday, July 9th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 4,891.25.

The Berkeley Group Trading Down 1.8%

LON BKG opened at GBX 3,614 on Monday. The stock has a market capitalization of £3.46 billion, a price-to-earnings ratio of 976.76, a PEG ratio of -0.87 and a beta of 1.22. The Berkeley Group has a one year low of GBX 3,462 and a one year high of GBX 5,022. The company has a debt-to-equity ratio of 18.66, a current ratio of 3.39 and a quick ratio of 0.57. The business’s fifty day moving average is GBX 3,673.83 and its 200-day moving average is GBX 3,835.60.

Insider Transactions at The Berkeley Group

In related news, insider Robert C. G. Perrins acquired 2,816 shares of the company’s stock in a transaction that occurred on Tuesday, July 15th. The shares were acquired at an average price of GBX 3,550 per share, with a total value of £99,968. Also, insider Richard Stearn acquired 7,000 shares of the company’s stock in a transaction that occurred on Monday, June 23rd. The shares were bought at an average cost of GBX 3,867 per share, for a total transaction of £270,690. Insiders have purchased a total of 25,616 shares of company stock worth $97,062,600 in the last three months. 7.86% of the stock is currently owned by insiders.

The Berkeley Group Company Profile

At Berkeley Group we build homes and neighbourhoods across London, Birmingham and the South of England.

Our passion and purpose is to build quality homes, strengthen communities and make a positive difference to people’s lives. We use our sustained commercial success to make valuable and enduring contributions that benefit all our stakeholders.