Berkeley Group (BKG) Stock Rating Reaffirmed by Peel Hunt
Berkeley Group (LON:BKG)‘s stock had its “buy” rating restated by investment analysts at Peel Hunt in a report released on Wednesday.
A number of other equities analysts have also commented on the company. Goodbody lowered Berkeley Group to a “sell” rating and dropped their price objective for the stock from GBX 3,800 ($49.02) to GBX 3,400 ($43.86) in a research note on Friday, July 6th. Liberum Capital reiterated a “hold” rating and issued a GBX 3,910 ($50.44) price objective on shares of Berkeley Group in a research note on Friday, May 25th. Berenberg Bank started coverage on Berkeley Group in a research note on Wednesday, July 25th. They issued a “hold” rating and a GBX 3,360 ($43.34) price objective on the stock. Shore Capital lowered Berkeley Group to a “sell” rating in a research note on Tuesday, June 26th. Finally, Deutsche Bank lifted their price objective on Berkeley Group from GBX 4,014 ($51.78) to GBX 4,095 ($52.83) and gave the stock a “hold” rating in a research note on Thursday, August 30th. Six equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. Berkeley Group has an average rating of “Hold” and a consensus target price of GBX 3,800.08 ($49.02).
LON BKG opened at GBX 3,510 ($45.28) on Wednesday. Berkeley Group has a fifty-two week low of GBX 2,903 ($37.45) and a fifty-two week high of GBX 4,270 ($55.08).
About 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 builds homes, neighbourhoods, communities, luxury homes, and affordable housing for families, first time buyers, students, and senior people in London and the south of England markets.
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