Peel Hunt Reaffirms Add Rating for Berkeley Group (LON:BKG)

Peel Hunt reiterated their add rating on shares of Berkeley Group (LON:BKG) in a report published on Wednesday, ThisIsMoney.Co.Uk reports.

Several other equities analysts have also recently commented on BKG. Citigroup reissued a neutral rating and set a GBX 4,219 ($51.92) target price (up previously from GBX 3,590 ($44.18)) on shares of Berkeley Group in a research report on Thursday, June 18th. Canaccord Genuity reissued a buy rating and set a GBX 4,150 ($51.07) target price on shares of Berkeley Group in a research report on Wednesday, June 17th. Liberum Capital reissued a hold rating on shares of Berkeley Group in a research report on Monday, April 27th. Jefferies Financial Group lifted their target price on shares of Berkeley Group from GBX 5,727 ($70.48) to GBX 5,891 ($72.50) and gave the stock a buy rating in a research report on Thursday, June 18th. Finally, Berenberg Bank dropped their target price on shares of Berkeley Group from GBX 3,830 ($47.13) to GBX 3,160 ($38.89) and set a hold rating on the stock in a research report on Friday, March 27th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of GBX 4,624.92 ($56.92).

Shares of LON BKG opened at GBX 4,431 ($54.53) on Wednesday. Berkeley Group has a fifty-two week low of GBX 3,055 ($37.60) and a fifty-two week high of GBX 5,562 ($68.45). The stock has a market cap of $5.53 billion and a price-to-earnings ratio of 14.04. The company has a debt-to-equity ratio of 16.20, a quick ratio of 0.89 and a current ratio of 2.74. The firm’s 50-day simple moving average is GBX 4,205.06 and its 200 day simple moving average is GBX 4,435.44.

In other Berkeley Group news, insider Rachel Downey bought 1,290 shares of the stock in a transaction on Tuesday, April 14th. The shares were acquired at an average price of GBX 4,004 ($49.27) per share, with a total value of £51,651.60 ($63,563.38).

Berkeley Group Company Profile

The Berkeley Group Holdings plc, together with its subsidiaries, engages in the residential-led and mixed-use property development activities in the United Kingdom. It operates under the Berkeley, St Edward, St George, St James, St Joseph, St William, Berkeley First, Berkeley Commercial, Berkeley Partnership, and Berkeley Modular brands.

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Analyst Recommendations for Berkeley Group (LON:BKG)

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