The Berkeley Group (LON:BKG) Upgraded to “Buy” at Bank of America

The Berkeley Group (LON:BKG) was upgraded by analysts at Bank of America to a “buy” rating in a research report issued to clients and investors on Monday,London Stock Exchange reports. The firm currently has a GBX 4,020 price target on the stock, down from their previous price target of GBX 4,080. Bank of America‘s price objective suggests a potential upside of 18.17% from the stock’s current price.

A number of other equities analysts have also weighed in on BKG. JPMorgan Chase & Co. upgraded shares of The Berkeley Group to an “overweight” rating and boosted their price target for the stock from GBX 4,700 to GBX 5,000 in a research report on Wednesday, February 4th. Royal Bank Of Canada lowered shares of The Berkeley Group to an “underperform” rating and decreased their target price for the stock from GBX 4,900 to GBX 3,700 in a research note on Tuesday, December 2nd. Four research analysts have rated the stock with a Buy rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of GBX 4,399.83.

The Berkeley Group Stock Down 0.8%

The Berkeley Group stock opened at GBX 3,402 on Monday. The company has a debt-to-equity ratio of 18.94, a current ratio of 3.54 and a quick ratio of 0.57. The stock has a market capitalization of £3.21 billion, a PE ratio of 9.26, a price-to-earnings-growth ratio of -0.87 and a beta of 1.19. The business has a 50 day simple moving average of GBX 4,029.47 and a 200-day simple moving average of GBX 3,927.85. The Berkeley Group has a 12 month low of GBX 3,370 and a 12 month high of GBX 4,442.

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.