Berkeley Group Holdings PLC’s (BKG) Buy Rating Reaffirmed at Peel Hunt

Peel Hunt reissued their buy rating on shares of Berkeley Group Holdings PLC (LON:BKG) in a report issued on Wednesday, September 6th. Peel Hunt currently has a GBX 4,390 ($59.19) target price on the stock.

Other research analysts have also issued research reports about the stock. Liberum Capital restated a hold rating and issued a GBX 3,169 ($42.73) price target on shares of Berkeley Group Holdings PLC in a research report on Wednesday, June 21st. Barclays PLC lifted their price target on shares of Berkeley Group Holdings PLC from GBX 3,175 ($42.81) to GBX 3,628 ($48.91) and gave the stock an equal weight rating in a research report on Thursday, July 13th. J P Morgan Chase & Co restated an overweight rating and issued a GBX 3,600 ($48.54) price target on shares of Berkeley Group Holdings PLC in a research report on Thursday, June 22nd. Shore Capital restated a hold rating on shares of Berkeley Group Holdings PLC in a research report on Wednesday, June 21st. Finally, Deutsche Bank AG lifted their price target on shares of Berkeley Group Holdings PLC from GBX 3,746 ($50.51) to GBX 3,908 ($52.69) and gave the stock a buy rating in a research report on Thursday, August 17th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of GBX 3,564.46 ($48.06).

Berkeley Group Holdings PLC (LON BKG) traded up 1.31% on Wednesday, reaching GBX 3568.00. The company had a trading volume of 398,864 shares. The stock’s 50-day moving average price is GBX 3,624.97 and its 200 day moving average price is GBX 3,337.89. The firm’s market capitalization is GBX 4.90 billion. Berkeley Group Holdings PLC has a 52-week low of GBX 2,286.00 and a 52-week high of GBX 3,765.00.

COPYRIGHT VIOLATION WARNING: “Berkeley Group Holdings PLC’s (BKG) Buy Rating Reaffirmed at Peel Hunt” was first reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this story on another site, it was illegally copied and reposted in violation of United States & international copyright and trademark laws. The original version of this story can be accessed at https://ledgergazette.com/2017/09/24/peel-hunt-reaffirms-buy-rating-for-berkeley-group-holdings-plc-bkg.html.

In other Berkeley Group Holdings PLC news, insider Robert C. G. Perrins sold 500,000 shares of Berkeley Group Holdings PLC stock in a transaction on Thursday, September 7th. The shares were sold at an average price of GBX 3,575 ($48.20), for a total transaction of £17,875,000 ($24,100,040.45). Also, insider Glyn Barker sold 900 shares of Berkeley Group Holdings PLC stock in a transaction on Friday, September 8th. The shares were sold at an average price of GBX 3,576 ($48.21), for a total transaction of £32,184 ($43,392.21).

About Berkeley Group Holdings PLC

Other research analysts have also issued research reports about the stock. Liberum Capital restated a hold rating and issued a GBX 3,169 ($42.73) price target on shares of Berkeley Group Holdings PLC in a research report on Wednesday, June 21st. Barclays PLC lifted their price target on shares of Berkeley Group Holdings PLC from GBX 3,175 ($42.81) to GBX 3,628 ($48.91) and gave the stock an equal weight rating in a research report on Thursday, July 13th. J P Morgan Chase & Co restated an overweight rating and issued a GBX 3,600 ($48.54) price target on shares of Berkeley Group Holdings PLC in a research report on Thursday, June 22nd. Shore Capital restated a hold rating on shares of Berkeley Group Holdings PLC in a research report on Wednesday, June 21st. Finally, Deutsche Bank AG lifted their price target on shares of Berkeley Group Holdings PLC from GBX 3,746 ($50.51) to GBX 3,908 ($52.69) and gave the stock a buy rating in a research report on Thursday, August 17th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of GBX 3,564.46 ($48.06).

Berkeley Group Holdings PLC (LON BKG) traded up 1.31% on Wednesday, reaching GBX 3568.00. The company had a trading volume of 398,864 shares. The stock’s 50-day moving average price is GBX 3,624.97 and its 200 day moving average price is GBX 3,337.89. The firm’s market capitalization is GBX 4.90 billion. Berkeley Group Holdings PLC has a 52-week low of GBX 2,286.00 and a 52-week high of GBX 3,765.00.

COPYRIGHT VIOLATION WARNING: “Berkeley Group Holdings PLC’s (BKG) Buy Rating Reaffirmed at Peel Hunt” was first reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this story on another site, it was illegally copied and reposted in violation of United States & international copyright and trademark laws. The original version of this story can be accessed at https://ledgergazette.com/2017/09/24/peel-hunt-reaffirms-buy-rating-for-berkeley-group-holdings-plc-bkg.html.

In other Berkeley Group Holdings PLC news, insider Robert C. G. Perrins sold 500,000 shares of Berkeley Group Holdings PLC stock in a transaction on Thursday, September 7th. The shares were sold at an average price of GBX 3,575 ($48.20), for a total transaction of £17,875,000 ($24,100,040.45). Also, insider Glyn Barker sold 900 shares of Berkeley Group Holdings PLC stock in a transaction on Friday, September 8th. The shares were sold at an average price of GBX 3,576 ($48.21), for a total transaction of £32,184 ($43,392.21).

About Berkeley Group Holdings PLC

The Berkeley Group Holdings plc is a holding company. The Company, along with its subsidiaries, is engaged in residential-led, mixed-use property development. Its segments include Residential-led mixed-use development and Other activities. Its brands include Berkeley, which creates medium to large-scale developments in towns, cities and the countryside, encompassing executive homes, mixed use schemes, riverside apartments, refurbished historic buildings and urban loft spaces; St George, which is involved in mixed use sustainable regeneration in London; St James, which handles projects that embrace private residential development, commercial property, recreational and community facilities; St Edward, which offers residentially led developments, and St William.

Analyst Recommendations for Berkeley Group Holdings PLC (LON:BKG)

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