Liberum Capital Reiterates Buy Rating for Berkeley Group Holdings PLC (BKG)
Berkeley Group Holdings PLC (LON:BKG)‘s stock had its “buy” rating reaffirmed by Liberum Capital in a research report issued to clients and investors on Monday. They presently have a GBX 3,155 ($41.18) target price on the stock. Liberum Capital’s price objective would suggest a potential upside of 22.29% from the stock’s current price.
Other equities research analysts have also recently issued research reports about the stock. Shore Capital reissued a “hold” rating on shares of Berkeley Group Holdings PLC in a research report on Tuesday, September 6th. Goldman Sachs Group Inc. reissued a “sell” rating and set a GBX 2,110 ($27.54) price target on shares of Berkeley Group Holdings PLC in a research report on Tuesday, June 28th. Deutsche Bank AG reissued a “buy” rating and set a GBX 4,185 ($54.63) price target on shares of Berkeley Group Holdings PLC in a research report on Tuesday, June 14th. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 3,750 ($48.95) price target on shares of Berkeley Group Holdings PLC in a research report on Monday, June 13th. Finally, Barclays PLC dropped their price target on shares of Berkeley Group Holdings PLC from GBX 3,791.80 ($49.49) to GBX 2,659.50 ($34.71) and set an “equal weight” rating for the company in a research report on Thursday, July 7th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 3,406.46 ($44.46).
Berkeley Group Holdings PLC (LON:BKG) opened at 2575.00 on Monday. Berkeley Group Holdings PLC has a 12-month low of GBX 2,015.00 and a 12-month high of GBX 3,788.00. The stock’s market capitalization is GBX 3.55 billion. The company’s 50-day moving average is GBX 2,609.03 and its 200 day moving average is GBX 2,856.21.
In other news, insider Li,Adrian acquired 10,000 shares of Berkeley Group Holdings PLC stock in a transaction on Friday, September 16th. The stock was acquired at an average cost of GBX 2,570 ($33.55) per share, for a total transaction of £257,000 ($335,465.34).
About Berkeley Group Holdings PLC
The Berkeley Group Holdings plc is a holding company. The Company, along with its subsidiaries, is engaged in residential-led, mixed-use property development. Its segments include Residential-led mixed-use development and Other activities. Its brands include Berkeley, which creates medium to large-scale developments in towns, cities and the countryside, encompassing executive homes, mixed use schemes, riverside apartments, refurbished historic buildings and urban loft spaces; St George, which is involved in mixed use sustainable regeneration in London; St James, which handles projects that embrace private residential development, commercial property, recreational and community facilities; St Edward, which offers residentially led developments, and St William.
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