Berkeley Group (LON:BKG) was downgraded by analysts at J P Morgan Chase & Co to a “neutral” rating in a report issued on Thursday. They currently have a GBX 4,300 ($57.87) price target on the stock, up from their previous price target of GBX 4,000 ($53.84). J P Morgan Chase & Co’s price objective would indicate a potential upside of 3.37% from the company’s current price.

Other analysts have also recently issued reports about the company. Peel Hunt reiterated a “buy” rating and issued a GBX 4,390 ($59.08) price objective on shares of Berkeley Group in a research note on Wednesday, September 6th. Deutsche Bank reiterated a “buy” rating and issued a GBX 3,908 ($52.60) price objective on shares of Berkeley Group in a research note on Friday, September 1st. Shore Capital reiterated a “hold” rating on shares of Berkeley Group in a research note on Friday, December 8th. Liberum Capital reiterated a “hold” rating and issued a GBX 3,317 ($44.64) price objective on shares of Berkeley Group in a research note on Wednesday, September 6th. Finally, Numis Securities increased their price objective on 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, December 8th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. Berkeley Group currently has a consensus rating of “Hold” and a consensus target price of GBX 3,704.17 ($49.85).

Berkeley Group (BKG) traded up GBX 59 ($0.79) on Thursday, hitting GBX 4,160 ($55.99). The stock had a trading volume of 1,680,441 shares, compared to its average volume of 818,250. 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 released its quarterly earnings results on Friday, December 8th. The company reported GBX 316.60 ($4.26) EPS for the quarter. The business had revenue of GBX 160.77 billion during the quarter. Berkeley Group had a return on equity of 32.51% and a net margin of 25.54%.

In other news, insider John Armitt sold 1,000 shares of Berkeley Group stock in a transaction dated Monday, December 11th. The stock was sold at an average price of GBX 4,103 ($55.22), for a total transaction of £41,030 ($55,222.07). Also, insider Robert C. G. Perrins sold 500,000 shares of Berkeley Group stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of GBX 3,850 ($51.82), for a total value of £19,250,000 ($25,908,479.14). Insiders have sold 513,030 shares of company stock worth $1,974,305,620 in the last quarter.

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About Berkeley Group

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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