Insider Selling: Berkeley Group Holdings PLC (LON:BKG) Insider Sells £37,200,000 in Stock
Berkeley Group Holdings PLC (LON:BKG) insider Anthony W. Pidgley sold 1,000,000 shares of the company’s stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of GBX 3,720 ($48.61), for a total transaction of £37,200,000 ($48,608,388.87).
Shares of LON:BKG opened at GBX 3,756 ($49.08) on Monday. The firm has a market cap of $4.79 billion and a P/E ratio of 7.99. The company has a 50 day moving average price of GBX 3,650.60. The company has a quick ratio of 0.85, a current ratio of 2.83 and a debt-to-equity ratio of 10.12. Berkeley Group Holdings PLC has a fifty-two week low of GBX 3,170 ($41.42) and a fifty-two week high of GBX 3,992 ($52.16).
A number of research analysts have issued reports on BKG shares. Jefferies Financial Group upgraded shares of SALVATORE FERRA/ADR from an “underperform” rating to a “hold” rating in a research report on Tuesday, June 25th. Liberum Capital upped their target price on shares of from GBX 2,625 ($34.30) to GBX 2,750 ($35.93) and gave the company a “buy” rating in a research report on Monday, July 1st. Berenberg Bank restated a “buy” rating and set a GBX 620 ($8.10) target price on shares of in a research report on Friday, June 21st. Peel Hunt restated a “hold” rating and set a GBX 935 ($12.22) target price (up from GBX 920 ($12.02)) on shares of Antofagasta in a research report on Tuesday, July 9th. Finally, UBS Group upgraded shares of to a “neutral” rating and upped their target price for the company from GBX 945 ($12.35) to GBX 2,060 ($26.92) in a research report on Thursday, June 20th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of GBX 3,835.50 ($50.12).
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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