JPMorgan Chase & Co. Lowers The Berkeley Group (LON:BKG) to Neutral

The Berkeley Group (LON:BKG) was downgraded by equities researchers at JPMorgan Chase & Co. to a “neutral” rating in a research note issued on Friday, Digital Look reports.

A number of other brokerages have also recently issued reports on BKG. Peel Hunt cut The Berkeley Group to a “hold” rating and set a GBX 4,450 ($56.32) target price for the company. in a research report on Thursday, December 14th. Royal Bank of Canada cut The Berkeley Group to an “underperform” rating and set a GBX 4,950 ($62.65) target price for the company. in a research report on Friday. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, The Berkeley Group has an average rating of “Hold” and an average target price of GBX 4,614.86 ($58.41).

The Berkeley Group Stock Up 0.1 %

LON:BKG traded up GBX 4 ($0.05) during mid-day trading on Friday, reaching GBX 4,568 ($57.82). The stock had a trading volume of 251,528 shares, compared to its average volume of 233,286. The business’s 50 day moving average is GBX 4,683.80 and its 200 day moving average is GBX 4,550.68. The Berkeley Group has a fifty-two week low of GBX 3,634 ($45.99) and a fifty-two week high of GBX 4,980 ($63.03). The stock has a market cap of £4.85 billion, a P/E ratio of 1,085.04, a PEG ratio of -0.87 and a beta of 1.19. The company has a debt-to-equity ratio of 19.49, a current ratio of 3.57 and a quick ratio of 0.57.

Insiders Place Their Bets

In related news, insider Sarah Sands acquired 319 shares of the company’s stock in a transaction on Tuesday, March 26th. The stock was purchased at an average cost of GBX 4,698 ($59.46) per share, for a total transaction of £14,986.62 ($18,968.00). Corporate insiders own 4.86% of the company’s stock.

About The Berkeley Group

The Berkeley Group Holdings plc, together with its subsidiaries, engages in the residential-led and mixed-use property development and ancillary activities in the United Kingdom. The company is involved in land selling activities. It operates under the Berkeley, St Edward, St George, St James, St Joseph, and St William brand names.