Berenberg Bank Cuts The Berkeley Group (LON:BKG) Price Target to GBX 4,000

The Berkeley Group (LON:BKG) had its price objective trimmed by Berenberg Bank from GBX 4,500 to GBX 4,000 in a report issued on Thursday morning,London Stock Exchange reports. The firm currently has a buy rating on the stock.

BKG has been the topic of a number of other reports. Bank of America raised shares of The Berkeley Group to a “buy” rating and dropped their price objective for the company from GBX 4,080 to GBX 4,020 in a report on Monday, March 30th. JPMorgan Chase & Co. lowered their price target on The Berkeley Group from GBX 5,000 to GBX 4,200 and set an “overweight” rating for the company in a research report on Thursday. Finally, Royal Bank Of Canada upgraded The Berkeley Group to a “sector perform” rating and set a GBX 3,900 price target on the stock in a research note on Wednesday. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 4,133.17.

The Berkeley Group Price Performance

BKG stock opened at GBX 3,168 on Thursday. The stock has a market cap of £2.99 billion, a P/E ratio of 8.62, a PEG ratio of -0.87 and a beta of 1.19. The Berkeley Group has a twelve month low of GBX 2,796 and a twelve month high of GBX 4,442. The company has a quick ratio of 0.57, a current ratio of 3.54 and a debt-to-equity ratio of 18.94. The business’s 50-day moving average price is GBX 3,957.98 and its 200-day moving average price is GBX 3,913.19.

Trending Headlines about The Berkeley Group

Here are the key news stories impacting The Berkeley Group this week:

• Positive Sentiment: Royal Bank of Canada moved the stock to “Sector Perform” and published a favorable report, providing broker support that may stabilise sentiment. Positive Report for The Berkeley Group Holdings (BKG) from RBC Capital
• Positive Sentiment: An announcement disclosed a share purchase by a person closely associated with the CFO — insider buying is typically viewed as a vote of confidence in management and the company’s strategy. Berkeley Group Discloses Share Purchase by CFO’s Closely Associated Person
• Positive Sentiment: An analyst upgrade highlighted that Berkeley’s new strategic direction is the “right thing to do,” supporting confidence in medium-term execution. This bolsters the argument that management changes could improve returns. Berkeley upgraded again as new strategy is ‘right thing to do’, says analyst
• Negative Sentiment: JPMorgan cut its price target from GBX 5,000 to GBX 4,200 (while keeping an “overweight” rating) — a meaningful reduction in upside expectations that can pressure the share price. London Stock Exchange broker ratings
• Negative Sentiment: Berenberg lowered its price target from GBX 4,500 to GBX 4,000 (retaining “buy”), another downgrade of near‑term valuation that may weigh on investor sentiment. London Stock Exchange broker ratings
• Negative Sentiment: Coverage noting the stock hit a new one-year low raises short-term selling pressure and investor caution, particularly given sector cyclicality and current valuation concerns. The Berkeley Group (LON:BKG) Hits New 1-Year Low – Should You Sell?

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.