The Berkeley Group (LON:BKG) Hits New 1-Year Low – What’s Next?

The Berkeley Group Holdings plc (LON:BKG)’s stock price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as GBX 3,482 and last traded at GBX 3,484, with a volume of 17963098 shares. The stock had previously closed at GBX 3,548.

Analyst Ratings Changes

BKG has been the topic of several research analyst reports. JPMorgan Chase & Co. raised The Berkeley Group to an “overweight” rating and raised their target price for the stock from GBX 4,700 to GBX 5,000 in a research report on Wednesday, February 4th. The Goldman Sachs Group began coverage on shares of The Berkeley Group in a research note on Monday, November 24th. They issued a “sell” rating and a GBX 3,714 price target on the stock. Finally, Royal Bank Of Canada downgraded shares of The Berkeley Group to an “underperform” rating and reduced their price objective for the stock from GBX 4,900 to GBX 3,700 in a research report on Tuesday, December 2nd. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of GBX 4,475.80.

The Berkeley Group Price Performance

The firm has a market capitalization of £3.30 billion, a PE ratio of 9.51, a P/E/G ratio of -0.87 and a beta of 1.19. The company has a current ratio of 3.54, a quick ratio of 0.57 and a debt-to-equity ratio of 18.94. The company has a fifty day moving average price of GBX 4,091.11 and a two-hundred day moving average price of GBX 3,929.46.

About The Berkeley Group

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.