The Berkeley Group Holdings plc (LON:BKG) Stock Has Average Price Target of GBX 8,690.71 According to Analysts

The Berkeley Group Holdings plc (LON:BKG) has been assigned an average rating of “Hold” from the seven research firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is GBX 8,690.71.

BKG has been the topic of several research analyst reports. Berenberg Bank reissued a “hold” rating and set a GBX 4,000 price target on shares of The Berkeley Group in a report on Friday, June 26th. Citigroup cut their price objective on The Berkeley Group from £375.40 to £365 and set a “neutral” rating for the company in a report on Friday, June 26th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 4,301 target price on shares of The Berkeley Group in a report on Friday, October 16th. Finally, Royal Bank Of Canada increased their price target on shares of The Berkeley Group from GBX 3,850 to GBX 4,100 and gave the stock an “outperform” rating in a research report on Thursday, June 25th.

The Berkeley Group Stock Up 0.7%

Shares of The Berkeley Group stock opened at GBX 3,500 on Friday. 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 3.58 and a debt-to-equity ratio of 18.24. The company’s 50 day moving average is GBX 3,381.48 and its 200 day moving average is GBX 3,401.16. The company has a market cap of £3.18 billion, a price-to-earnings ratio of 10.57, a price-to-earnings-growth ratio of -0.87 and a beta of 1.18.

Insider Buying and Selling

In other news, insider Neil Eady purchased 3,405 shares of the company’s stock in a transaction on Tuesday, August 11th. The stock was acquired at an average cost of GBX 3,515 per share, for a total transaction of £119,685.75. Also, insider Richard Stearn acquired 1,128 shares of The Berkeley Group stock in a transaction dated Tuesday, August 11th. The stock was purchased at an average cost of GBX 3,526 per share, with a total value of £39,773.28. Over the last quarter, insiders acquired 5,097 shares of company stock valued at $17,931,747. Company insiders own 8.42% of the company’s stock.

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.