Berkeley Group (BKG) Rating Reiterated by Deutsche Bank
Berkeley Group (LON:BKG)‘s stock had its “hold” rating reissued by research analysts at Deutsche Bank in a report released on Monday. They presently have a GBX 4,017 ($54.06) price target on the stock. Deutsche Bank’s price objective would suggest a potential downside of 4.31% from the company’s previous close.
A number of other analysts also recently weighed in on BKG. Numis Securities upped their target price on shares of Berkeley Group from GBX 3,413 ($45.94) to GBX 3,600 ($48.45) and gave the stock a “hold” rating in a research report on Friday, December 8th. Barclays downgraded shares of Berkeley Group to an “underweight” rating and set a GBX 3,628 ($48.83) target price on the stock. in a research report on Monday, October 30th. Shore Capital reaffirmed a “hold” rating on shares of Berkeley Group in a research report on Friday, December 8th. Credit Suisse Group upped their target price on shares of Berkeley Group from GBX 2,162 ($29.10) to GBX 2,985 ($40.17) and gave the stock an “underperform” rating in a research report on Monday, September 11th. Finally, Liberum Capital reaffirmed a “hold” rating and issued a GBX 3,317 ($44.64) target price on shares of Berkeley Group in a research report on Wednesday, September 6th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of GBX 3,704.17 ($49.85).
Shares of Berkeley Group (LON:BKG) opened at GBX 4,198 ($56.50) on Monday. Berkeley Group has a 12-month low of GBX 2,771 ($37.29) and a 12-month high of GBX 4,235 ($57.00).
Berkeley Group (LON:BKG) last posted its quarterly earnings results on Friday, December 8th. The company reported GBX 316.60 ($4.26) EPS for the quarter. Berkeley Group had a net margin of 25.54% and a return on equity of 32.51%. The company had revenue of GBX 160.77 billion during the quarter.
In other Berkeley Group news, insider Richard Stearn sold 10,030 shares of the stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of GBX 3,754 ($50.52), for a total transaction of £376,526.20 ($506,764.74). Also, insider John Armitt sold 1,000 shares of the stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of GBX 4,103 ($55.22), for a total transaction of £41,030 ($55,222.07). Insiders sold a total of 513,030 shares of company stock valued at $1,974,305,620 over the last three months.
ILLEGAL ACTIVITY NOTICE: This piece was first reported by Daily Political and is the property of of Daily Political. If you are viewing this piece on another publication, it was stolen and reposted in violation of U.S. and international copyright legislation. The correct version of this piece can be viewed at https://www.dailypolitical.com/2017/12/20/berkeley-group-bkg-rating-reiterated-by-deutsche-bank.html.
About Berkeley Group
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.
Receive News & Ratings for Berkeley Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Berkeley Group and related companies with MarketBeat.com's FREE daily email newsletter.