Credit Suisse Group AG Reiterates “Underperform” Rating for Berkeley Group Holdings PLC (BKG)
Berkeley Group Holdings PLC (LON:BKG)‘s stock had its “underperform” rating reissued by equities research analysts at Credit Suisse Group AG in a research note issued to investors on Friday. They currently have a GBX 2,162 ($26.76) target price on the stock. Credit Suisse Group AG’s price target would suggest a potential downside of 9.54% from the company’s previous close.
A number of other research analysts also recently issued reports on the stock. HSBC restated a “buy” rating and issued a GBX 4,300 ($53.22) price target on shares of Berkeley Group Holdings PLC in a research report on Monday, June 27th. Liberum Capital restated a “buy” rating on shares of Berkeley Group Holdings PLC in a research report on Tuesday, July 5th. Goldman Sachs Group Inc. restated a “sell” rating and issued a GBX 2,110 ($26.11) price target on shares of Berkeley Group Holdings PLC in a research report on Tuesday, June 28th. JPMorgan Chase & Co. reduced their price target on shares of Berkeley Group Holdings PLC from GBX 3,750 ($46.41) to GBX 3,200 ($39.60) and set an “overweight” rating on the stock in a research report on Monday, August 15th. Finally, Deutsche Bank AG restated a “buy” rating and issued a GBX 3,981 ($49.27) price target on shares of Berkeley Group Holdings PLC in a research report on Monday, July 4th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company’s stock. Berkeley Group Holdings PLC currently has an average rating of “Hold” and an average target price of GBX 3,296.46 ($40.80).
Shares of Berkeley Group Holdings PLC (LON:BKG) opened at 2400.468 on Friday. The stock’s market cap is GBX 3.31 billion. Berkeley Group Holdings PLC has a one year low of GBX 2,015.00 and a one year high of GBX 3,788.00. The firm has a 50 day moving average of GBX 2,615.39 and a 200 day moving average of GBX 2,823.98.
In other news, insider Richard Stearn sold 10,030 shares of Berkeley Group Holdings PLC stock in a transaction that occurred on Friday, September 30th. The shares were sold at an average price of GBX 2,458 ($30.42), for a total value of £246,537.40 ($305,120.54). Also, insider Li,Adrian acquired 10,000 shares of the stock in a transaction dated Friday, September 16th. The stock was acquired at an average cost of GBX 2,570 ($31.81) per share, for a total transaction of £257,000 ($318,069.31).
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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