Berkeley Group Holdings PLC (BKG) PT Raised to GBX 4,000
Berkeley Group Holdings PLC (LON:BKG) had its target price hoisted by research analysts at JPMorgan Chase & Co. from GBX 3,600 ($48.41) to GBX 4,000 ($53.79) in a report issued on Friday. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s target price indicates a potential upside of 7.61% from the company’s previous close.
Several other research firms also recently weighed in on BKG. Peel Hunt restated a “buy” rating and issued a GBX 4,390 ($59.04) target price on shares of Berkeley Group Holdings PLC in a research report on Wednesday, June 21st. Liberum Capital reaffirmed a “hold” rating and issued a GBX 3,169 ($42.62) price target on shares of Berkeley Group Holdings PLC in a report on Wednesday, June 21st. Credit Suisse Group increased their price target on Berkeley Group Holdings PLC from GBX 2,162 ($29.07) to GBX 2,985 ($40.14) and gave the company an “underperform” rating in a report on Monday, September 11th. Deutsche Bank AG reaffirmed a “buy” rating and issued a GBX 3,604 ($48.47) price target on shares of Berkeley Group Holdings PLC in a report on Tuesday, June 13th. Finally, HSBC Holdings plc increased their price target on Berkeley Group Holdings PLC from GBX 3,481 ($46.81) to GBX 3,789 ($50.95) and gave the company a “buy” rating in a report on Wednesday, July 19th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of GBX 3,616 ($48.63).
Berkeley Group Holdings PLC (BKG) opened at 3717.00 on Friday. The company’s market cap is GBX 5.10 billion. Berkeley Group Holdings PLC has a 52-week low of GBX 2,286.00 and a 52-week high of GBX 3,765.00. The stock’s 50 day moving average price is GBX 3,624.97 and its 200 day moving average price is GBX 3,337.89.
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In other news, insider Glyn Barker sold 900 shares of Berkeley Group Holdings PLC stock in a transaction on Friday, September 8th. The stock was sold at an average price of GBX 3,576 ($48.09), for a total value of £32,184 ($43,281.33). Also, insider Robert C. G. Perrins sold 500,000 shares of Berkeley Group Holdings PLC stock in a transaction on Thursday, September 7th. The shares were sold at an average price of GBX 3,575 ($48.08), for a total value of £17,875,000 ($24,038,461.54).
About Berkeley Group Holdings PLC
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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