Jefferies Financial Group Reiterates Buy Rating for The Berkeley Group (LON:BKG)

The Berkeley Group (LON:BKG)‘s stock had its “buy” rating restated by analysts at Jefferies Financial Group in a research report issued to clients and investors on Wednesday,Digital Look reports. They presently have a GBX 4,517 price target on the stock. Jefferies Financial Group’s price target points to a potential upside of 24.57% from the stock’s current price.

BKG has been the subject of several other reports. Royal Bank Of Canada boosted their price target on 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. Berenberg Bank reaffirmed a “hold” rating and set a GBX 4,000 price objective on shares of The Berkeley Group in a research report on Friday, June 26th. Finally, Citigroup dropped their price objective on The Berkeley Group from £375.40 to £365 and set a “neutral” rating on the stock in a research report on Friday, June 26th. Five equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 8,252.

The Berkeley Group Stock Performance

Shares of BKG stock opened at GBX 3,626 on Wednesday. The firm has a market cap of £3.32 billion, a price-to-earnings ratio of 10.95, a PEG ratio of -0.87 and a beta of 1.18. The Berkeley Group has a 52-week low of GBX 2,796 and a 52-week 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 3,462.30 and its 200 day moving average is GBX 3,610.17.

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

Insider Buying and Selling

In other news, insider Richard Stearn bought 1,128 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The stock was bought at an average price of GBX 3,526 per share, with a total value of £39,773.28. Also, insider Neil Eady bought 3,405 shares of the stock in a transaction on Tuesday, August 11th. The stock was purchased at an average price of GBX 3,515 per share, with a total value of £119,685.75. Insiders have purchased 5,097 shares of company stock valued at $17,931,747 in the last three months. 10.09% of the stock is currently owned by corporate insiders.

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.