Berkeley Group (BKG) Rating Lowered to Hold at Deutsche Bank
Berkeley Group (LON:BKG) was downgraded by investment analysts at Deutsche Bank to a “hold” rating in a research note issued on Thursday. They presently have a GBX 3,951 ($52.91) target price on the stock, up from their prior target price of GBX 3,908 ($52.34). Deutsche Bank’s price objective would indicate a potential upside of 3.86% from the company’s current price.
Several other research firms also recently commented on BKG. Barclays downgraded Berkeley Group to an “underweight” rating and set a GBX 3,628 ($48.59) price objective for the company. in a report on Monday, October 30th. Shore Capital restated a “hold” rating on shares of Berkeley Group in a report on Wednesday, November 8th. Credit Suisse Group boosted their price objective on Berkeley Group from GBX 2,162 ($28.95) to GBX 2,985 ($39.98) and gave the company an “underperform” rating in a report on Monday, September 11th. Liberum Capital restated a “hold” rating and set a GBX 3,317 ($44.42) price objective on shares of Berkeley Group in a report on Wednesday, September 6th. Finally, Peel Hunt boosted their price objective on Berkeley Group from GBX 4,390 ($58.79) to GBX 4,660 ($62.41) and gave the company a “buy” rating in a report on Wednesday, September 27th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. Berkeley Group presently has an average rating of “Hold” and an average price target of GBX 3,619.31 ($48.47).
Shares of Berkeley Group (LON:BKG) opened at GBX 3,804.19 ($50.95) on Thursday. Berkeley Group has a 1-year low of GBX 2,480 ($33.21) and a 1-year high of GBX 4,003 ($53.61).
In other Berkeley Group news, insider Alison Nimmo sold 2,000 shares of the business’s stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of GBX 3,775 ($50.56), for a total value of £75,500 ($101,111.56). Also, insider Robert C. G. Perrins sold 500,000 shares of the business’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of GBX 3,575 ($47.88), for a total value of £17,875,000 ($23,938,663.45). In the last ninety days, insiders have sold 1,012,930 shares of company stock worth $3,760,921,020.
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.
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