The Berkeley Group Holdings plc (LON:BKG) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of The Berkeley Group Holdings plc (LON:BKG) have received a consensus recommendation of “Moderate Buy” from the eight brokerages that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is GBX 8,252.

BKG has been the topic of several research reports. Berenberg Bank reiterated a “hold” rating and set a GBX 4,000 price objective on shares of The Berkeley Group in a report on Friday, June 26th. Jefferies Financial Group reduced their target price on The Berkeley Group from GBX 4,531 to GBX 4,517 and set a “buy” rating for the company in a research note on Tuesday, July 7th. Royal Bank Of Canada boosted their target price on The Berkeley Group from GBX 3,850 to GBX 4,100 and gave the company an “outperform” rating in a research report on Thursday, June 25th. Finally, Citigroup dropped their price target on The Berkeley Group from £375.40 to £365 and set a “neutral” rating on the stock in a research note on Friday, June 26th.

The Berkeley Group Stock Performance

LON:BKG opened at GBX 3,508.64 on Friday. The company has a fifty day moving average of GBX 3,437.18 and a 200-day moving average of GBX 3,631.84. The firm has a market capitalization of £3.24 billion, a P/E ratio of 10.60, a P/E/G ratio of -0.87 and a beta of 1.19. 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 Berkeley Group has a twelve month low of GBX 2,796 and a twelve month high of GBX 4,442.

The Berkeley Group (LON:BKG) last released its earnings results on Wednesday, June 24th. The company reported GBX 331.60 earnings per share (EPS) for the quarter. The company had revenue of GBX 238.33 billion for the quarter. The Berkeley Group had a net margin of 13.36% and a return on equity of 8.79%.

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.