The Berkeley Group (LON:BKG) Reaches New 52-Week High – Should You Buy?

Shares of The Berkeley Group Holdings plc (LON:BKG) hit a new 52-week high during trading on Thursday . The stock traded as high as GBX 4,404 and last traded at GBX 4,400, with a volume of 939094 shares. The stock had previously closed at GBX 4,318.

Wall Street Analyst Weigh In

BKG has been the topic of several research analyst reports. JPMorgan Chase & Co. raised shares of The Berkeley Group to an “overweight” rating and increased their price target for the company from GBX 4,700 to GBX 5,000 in a report on Wednesday, February 4th. Royal Bank Of Canada lowered The Berkeley Group to an “underperform” rating and lowered their target price for the stock from GBX 4,900 to GBX 3,700 in a research note on Tuesday, December 2nd. Finally, The Goldman Sachs Group initiated coverage on The Berkeley Group in a research note on Monday, November 24th. They issued a “sell” rating and a GBX 3,714 price target for the company. Three research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of GBX 4,475.80.

The Berkeley Group Trading Up 2.4%

The firm’s 50-day simple moving average is GBX 3,966.58 and its 200 day simple moving average is GBX 3,861.94. The company has a debt-to-equity ratio of 18.66, a current ratio of 3.39 and a quick ratio of 0.57. The firm has a market capitalization of £4.19 billion, a price-to-earnings ratio of 12.03, a P/E/G ratio of -0.87 and a beta of 1.22.

The Berkeley Group (LON:BKG) last posted its quarterly earnings results on Wednesday, December 10th. The company reported GBX 183.70 EPS for the quarter. The Berkeley Group had a return on equity of 11.40% and a net margin of 16.13%.

The Berkeley Group Company Profile

At Berkeley Group we build homes and neighbourhoods across London, Birmingham and the South of England.

Our passion and purpose is to build quality homes, strengthen communities and make a positive difference to people’s lives. We use our sustained commercial success to make valuable and enduring contributions that benefit all our stakeholders.

We specialise in brownfield regeneration, working closely with local communities and councils to revive underused land and create homes where they are needed most.