Credit Suisse Group Reaffirms “Underperform” Rating for Berkeley Group Holdings PLC (BKG)

Credit Suisse Group reiterated their underperform rating on shares of Berkeley Group Holdings PLC (LON:BKG) in a research note issued to investors on Thursday. The firm currently has a GBX 2,985 ($39.39) price objective on the stock.

Several other research firms have also recently weighed in on BKG. Peel Hunt reissued a buy rating and set a GBX 4,390 ($57.93) price target on shares of Berkeley Group Holdings PLC in a report on Wednesday, September 6th. Liberum Capital reaffirmed a hold rating and issued a GBX 3,317 ($43.77) price objective on shares of Berkeley Group Holdings PLC in a report on Wednesday, September 6th. Deutsche Bank AG reaffirmed a buy rating and issued a GBX 3,908 ($51.57) price objective on shares of Berkeley Group Holdings PLC in a report on Friday, September 1st. J P Morgan Chase & Co lifted their price objective on Berkeley Group Holdings PLC from GBX 3,600 ($47.51) to GBX 4,000 ($52.78) and gave the company an overweight rating in a report on Friday, September 29th. Finally, Bank of America Corporation reaffirmed an underperform rating and issued a GBX 2,850 ($37.61) price objective on shares of Berkeley Group Holdings PLC in a report on Tuesday, September 12th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of GBX 3,616 ($47.72).

Berkeley Group Holdings PLC (LON BKG) opened at 3807.00 on Thursday. The company has a 50 day moving average price of GBX 3,726.65 and a 200-day moving average price of GBX 3,469.39. The firm’s market capitalization is GBX 5.23 billion. Berkeley Group Holdings PLC has a 52 week low of GBX 2,286.00 and a 52 week high of GBX 4,003.00.

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In other news, insider Robert C. G. Perrins sold 500,000 shares of the business’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of GBX 3,850 ($50.80), for a total transaction of £19,250,000 ($25,402,480.87). Also, insider Alison Nimmo sold 2,000 shares of the business’s stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of GBX 3,775 ($49.82), for a total value of £75,500 ($99,630.51). Insiders have sold a total of 1,012,930 shares of company stock valued at $3,760,921,020 in the last three months.

About Berkeley Group Holdings PLC

The Berkeley Group Holdings plc is a holding company. The Company, along with its subsidiaries, is engaged in residential-led, mixed-use property development. Its segments include Residential-led mixed-use development and Other activities. Its brands include Berkeley, which creates medium to large-scale developments in towns, cities and the countryside, encompassing executive homes, mixed use schemes, riverside apartments, refurbished historic buildings and urban loft spaces; St George, which is involved in mixed use sustainable regeneration in London; St James, which handles projects that embrace private residential development, commercial property, recreational and community facilities; St Edward, which offers residentially led developments, and St William.

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