The Berkeley Group (LON:BKG) Sets New 12-Month High After Analyst Upgrade

The Berkeley Group Holdings plc (LON:BKG)’s stock price reached a new 52-week high on Wednesday after JPMorgan Chase & Co. upgraded the stock to an overweight rating. JPMorgan Chase & Co. now has a GBX 5,000 price target on the stock, up from their previous price target of GBX 4,700. The Berkeley Group traded as high as GBX 4,380 and last traded at GBX 4,358.24, with a volume of 1098810 shares changing hands. The stock had previously closed at GBX 4,164.

Several other brokerages also recently issued reports on BKG. Royal Bank Of Canada cut shares of The Berkeley Group to an “underperform” rating and cut their price target for the stock from GBX 4,900 to GBX 3,700 in a report on Tuesday, December 2nd. The Goldman Sachs Group started coverage on The Berkeley Group in a research note on Monday, November 24th. They issued a “sell” rating and a GBX 3,714 price objective for the company. Three analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of GBX 4,475.80.

The Berkeley Group Stock Down 2.5%

The firm has a market capitalization of £3.99 billion, a PE ratio of 11.46, a price-to-earnings-growth ratio of -0.87 and a beta of 1.22. The company has a quick ratio of 0.57, a current ratio of 3.39 and a debt-to-equity ratio of 18.66. The company’s fifty day simple moving average is GBX 3,932.16 and its 200 day simple moving average is GBX 3,848.51.

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

About The Berkeley Group

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.