The Berkeley Group (LON:BKG) Stock Passes Above 200-Day Moving Average – Here’s What Happened

The Berkeley Group Holdings plc (LON:BKG) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 3,916.57 and traded as high as GBX 4,384. The Berkeley Group shares last traded at GBX 4,324, with a volume of 288,846 shares.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on BKG shares. The Goldman Sachs Group initiated coverage on shares of The Berkeley Group in a research note on Monday, November 24th. They set a “sell” rating and a GBX 3,714 price target on the stock. Royal Bank Of Canada cut shares of The Berkeley Group to an “underperform” rating and dropped their price objective for the company from GBX 4,900 to GBX 3,700 in a report on Tuesday, December 2nd. Finally, JPMorgan Chase & Co. upgraded shares of The Berkeley Group to an “overweight” rating and increased their target price for the stock from GBX 4,700 to GBX 5,000 in a report on Wednesday, February 4th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of GBX 4,475.80.

The Berkeley Group Stock Down 0.6%

The company has a debt-to-equity ratio of 18.66, a current ratio of 3.39 and a quick ratio of 0.57. The company has a market cap of £4.09 billion, a PE ratio of 11.77, a P/E/G ratio of -0.87 and a beta of 1.22. The business’s 50 day moving average is GBX 4,106.27 and its 200-day moving average is GBX 3,917.62.

The Berkeley Group (LON:BKG) last announced its quarterly earnings data on Wednesday, December 10th. The company reported GBX 183.70 earnings per share for the quarter. The Berkeley Group had a net margin of 16.13% and a return on equity of 11.40%.

The Berkeley Group Company Profile

At Berkeley Group we build homes and neighbourhoods across London, Birmingham and the South of England.

Our passion and purpose is to build quality homes, strengthen communities and make a positive difference to people’s lives. We use our sustained commercial success to make valuable and enduring contributions that benefit all our stakeholders.

We specialise in brownfield regeneration, working closely with local communities and councils to revive underused land and create homes where they are needed most.