Berkeley Group (LON:BKG) PT Lowered to GBX 3,700 at Liberum Capital
Berkeley Group (LON:BKG) had its target price cut by Liberum Capital from GBX 3,750 ($49.00) to GBX 3,700 ($48.35) in a research note released on Wednesday, Digital Look reports. They currently have a hold rating on the stock.
Several other brokerages have also recently commented on BKG. UBS Group reiterated a buy rating on shares of Berkeley Group in a research report on Monday, March 18th. Shore Capital reiterated a hold rating on shares of Berkeley Group in a research report on Friday, March 15th. Peel Hunt reiterated an add rating on shares of Berkeley Group in a research report on Friday, March 15th. JPMorgan Chase & Co. reiterated a neutral rating on shares of Berkeley Group in a research report on Friday, March 22nd. Finally, HSBC boosted their price target on shares of Berkeley Group from GBX 3,780 ($49.39) to GBX 4,130 ($53.97) and gave the stock a hold rating in a research report on Tuesday, March 26th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of GBX 3,795.91 ($49.60).
Shares of Berkeley Group stock opened at GBX 3,567 ($46.61) on Wednesday. The company has a current ratio of 2.60, a quick ratio of 0.74 and a debt-to-equity ratio of 11.23. Berkeley Group has a 52 week low of GBX 3,170 ($41.42) and a 52 week high of GBX 4,220 ($55.14). The stock has a market capitalization of $4.59 billion and a price-to-earnings ratio of 7.48.
The Berkeley Group Holdings plc, together with its subsidiaries, engages in the residential-led and mixed-use property development activities in the United Kingdom. It operates under the Berkeley, St Edward, St George, St James, St Joseph, St William, Berkeley First, Berkeley Commercial, Berkeley Partnership, and Berkeley Modular brands.
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