Berkeley Group Holdings PLC’s (BKG) Underperform Rating Reaffirmed at Bank of America Corporation
Bank of America Corporation reiterated their underperform rating on shares of Berkeley Group Holdings PLC (LON:BKG) in a research note released on Tuesday morning. Bank of America Corporation currently has a GBX 2,850 ($36.81) target price on the stock.
A number of other brokerages have also weighed in on BKG. Peel Hunt restated a buy rating and issued a GBX 4,390 ($56.70) price objective on shares of Berkeley Group Holdings PLC in a report on Wednesday, June 21st. Liberum Capital restated a hold rating and issued a GBX 3,169 ($40.93) price objective on shares of Berkeley Group Holdings PLC in a report on Wednesday, June 21st. Deutsche Bank AG upped their price target on shares of Berkeley Group Holdings PLC from GBX 3,571 ($46.12) to GBX 3,604 ($46.55) and gave the company a buy rating in a report on Wednesday, May 31st. Credit Suisse Group upped their price target on shares of Berkeley Group Holdings PLC from GBX 2,162 ($27.92) to GBX 2,985 ($38.55) and gave the company an underperform rating in a report on Monday, September 11th. Finally, HSBC Holdings plc upped their price target on shares of Berkeley Group Holdings PLC from GBX 3,481 ($44.96) to GBX 3,789 ($48.93) and gave the company a buy rating in a report on Wednesday, July 19th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company’s stock. Berkeley Group Holdings PLC currently has a consensus rating of Hold and a consensus target price of GBX 3,564.46 ($46.03).
Shares of Berkeley Group Holdings PLC (LON:BKG) opened at 3496.00 on Tuesday. The stock’s 50 day moving average is GBX 3,623.16 and its 200 day moving average is GBX 3,324.80. Berkeley Group Holdings PLC has a 52-week low of GBX 2,286.00 and a 52-week high of GBX 3,765.00. The firm’s market capitalization is GBX 4.80 billion.
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In other news, insider Glyn Barker sold 900 shares of the firm’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of GBX 3,576 ($46.18), for a total transaction of £32,184 ($41,565.28). Also, insider Robert C. G. Perrins sold 500,000 shares of the firm’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of GBX 3,575 ($46.17), for a total transaction of £17,875,000 ($23,085,367.43).
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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