The Berkeley Group (LON:BKG) Hits New 1-Year High at $5,175.00

Shares of The Berkeley Group Holdings plc (LON:BKG) reached a new 52-week high during trading on Thursday . The stock traded as high as GBX 5,175 ($65.01) and last traded at GBX 5,165 ($64.89), with a volume of 584852 shares trading hands. The stock had previously closed at GBX 5,115 ($64.26).

Analyst Ratings Changes

A number of analysts have recently weighed in on BKG shares. JPMorgan Chase & Co. downgraded shares of The Berkeley Group to a “neutral” rating in a report on Friday, April 12th. Royal Bank of Canada cut The Berkeley Group to an “underperform” rating and set a GBX 4,950 ($62.19) price objective on the stock. in a research note on Friday, April 12th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, The Berkeley Group currently has a consensus rating of “Hold” and an average price target of GBX 4,614.86 ($57.98).

The Berkeley Group Stock Performance

The company has a current ratio of 3.57, a quick ratio of 0.57 and a debt-to-equity ratio of 19.49. The stock has a market capitalization of £5.56 billion, a PE ratio of 1,245.84, a PEG ratio of -0.87 and a beta of 1.19. The business’s 50 day moving average is GBX 4,713.12 and its 200 day moving average is GBX 4,656.06.

The Berkeley Group Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 7th were paid a dividend of GBX 33 ($0.41) per share. The ex-dividend date was Thursday, March 7th. This represents a dividend yield of 0.72%. The Berkeley Group’s dividend payout ratio is 2,185.27%.

Insider Buying and Selling

In other The Berkeley Group news, insider Sarah Sands acquired 319 shares of the business’s stock in a transaction on Tuesday, March 26th. The shares were bought at an average price of GBX 4,698 ($59.02) per share, with a total value of £14,986.62 ($18,827.41). 4.52% of the stock is owned by corporate insiders.

The Berkeley Group Company Profile

The Berkeley Group Holdings plc, together with its subsidiaries, engages in the residential-led and mixed-use property development and ancillary activities in the United Kingdom. The company is involved in land selling activities. It operates under the Berkeley, St Edward, St George, St James, St Joseph, and St William brand names.