Berkeley Group (BKG) Stock Rating Reaffirmed by Canaccord Genuity

Berkeley Group (LON:BKG)‘s stock had its “hold” rating restated by equities researchers at Canaccord Genuity in a research report issued on Friday. They presently have a GBX 3,940 ($53.03) price objective on the stock. Canaccord Genuity’s target price would suggest a potential downside of 4.21% from the stock’s current price.

A number of other research analysts have also issued reports on BKG. Shore Capital reissued a “hold” rating on shares of Berkeley Group in a research note on Friday. Liberum Capital reissued a “hold” rating and set a GBX 3,317 ($44.64) target price on shares of Berkeley Group in a research note on Friday. Numis Securities boosted their target price on shares of Berkeley Group from GBX 3,413 ($45.94) to GBX 3,600 ($48.45) and gave the company a “hold” rating in a research note on Friday. Deutsche Bank lowered shares of Berkeley Group to a “hold” rating and boosted their target price for the company from GBX 3,908 ($52.60) to GBX 3,951 ($53.18) in a research note on Thursday, November 30th. Finally, Peel Hunt boosted their target price on shares of Berkeley Group from GBX 4,390 ($59.08) to GBX 4,660 ($62.72) and gave the company a “buy” rating in a research note on Wednesday, September 27th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of GBX 3,652.33 ($49.16).

Berkeley Group (LON:BKG) traded up GBX 239.79 ($3.23) during midday trading on Friday, hitting GBX 4,113 ($55.36). 2,515,582 shares of the stock traded hands, compared to its average volume of 798,597. Berkeley Group has a 1-year low of GBX 2,724 ($36.66) and a 1-year high of GBX 4,235 ($57.00).

Berkeley Group (LON:BKG) last posted its quarterly earnings results on Friday, December 8th. The company reported GBX 316.60 ($4.26) EPS for the quarter. Berkeley Group had a net margin of 25.54% and a return on equity of 32.51%. The business had revenue of GBX 160.77 billion during the quarter.

In other Berkeley Group news, insider Robert C. G. Perrins sold 500,000 shares of the business’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of GBX 3,850 ($51.82), for a total transaction of £19,250,000 ($25,908,479.14). Also, insider Alison Nimmo sold 2,000 shares of the business’s stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of GBX 3,775 ($50.81), for a total transaction of £75,500 ($101,615.07). Insiders have sold a total of 512,030 shares of company stock worth $1,970,202,620 over the last 90 days.

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Berkeley Group Company Profile

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 (LON:BKG)

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