The Berkeley Group (LON:BKG – Get Rating) had its price objective raised by equities researchers at UBS Group from GBX 4,450 ($55.32) to GBX 4,580 ($56.94) in a report issued on Monday, Marketbeat reports. The firm presently has a “buy” rating on the stock. UBS Group’s price objective indicates a potential upside of 14.76% from the stock’s current price.
A number of other research analysts have also issued reports on BKG. Berenberg Bank boosted their target price on shares of The Berkeley Group from GBX 4,500 ($55.94) to GBX 5,100 ($63.40) and gave the company a “buy” rating in a research note on Thursday, May 11th. Jefferies Financial Group reissued a “hold” rating on shares of The Berkeley Group in a research note on Monday, February 13th. Liberum Capital reissued a “buy” rating and set a GBX 4,750 ($59.05) target price on shares of The Berkeley Group in a research note on Monday, February 13th. Finally, JPMorgan Chase & Co. boosted their target price on shares of The Berkeley Group from GBX 4,500 ($55.94) to GBX 4,800 ($59.67) and gave the company an “overweight” rating in a research note on Tuesday, April 18th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 4,617 ($57.40).
The Berkeley Group Stock Performance
Shares of LON BKG traded up GBX 14 ($0.17) during midday trading on Monday, hitting GBX 3,991 ($49.61). The company’s stock had a trading volume of 155,683 shares, compared to its average volume of 277,705. The Berkeley Group has a 1-year low of GBX 3,120 ($38.79) and a 1-year high of GBX 4,549 ($56.55). The firm’s fifty day moving average price is GBX 4,234.02 and its 200-day moving average price is GBX 4,116.55. The company has a debt-to-equity ratio of 20.73, a quick ratio of 0.57 and a current ratio of 3.36. The firm has a market cap of £4.29 billion, a P/E ratio of 971.05, a P/E/G ratio of -0.87 and a beta of 1.11.
About The Berkeley Group
The Berkeley Group Holdings plc, together with its subsidiaries, engages in the residential-led and mixed-use property development activities in the United Kingdom. The company is also involved in land selling activities. It operates under the Berkeley, St Edward, St George, St James, St Joseph, and St William brand names.
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