Barclays PLC Downgrades Berkeley Group Holdings PLC (BKG) to Underweight

Berkeley Group Holdings PLC (LON:BKG) was downgraded by stock analysts at Barclays PLC to an “underweight” rating in a report released on Monday. They presently have a GBX 3,628 ($47.88) target price on the stock. Barclays PLC’s price target would indicate a potential downside of 3.02% from the stock’s previous close.

BKG has been the subject of a number of other research reports. Peel Hunt reissued a “buy” rating and set a GBX 4,390 ($57.93) target price on shares of Berkeley Group Holdings PLC in a research report on Wednesday, September 6th. Credit Suisse Group reissued an “underperform” rating and set a GBX 2,985 ($39.39) target price on shares of Berkeley Group Holdings PLC in a research report on Thursday, October 26th. Bank of America Corp reissued an “underperform” rating and set a GBX 2,850 ($37.61) target price on shares of Berkeley Group Holdings PLC in a research report on Tuesday, September 12th. Deutsche Bank AG reissued a “buy” rating and set a GBX 3,908 ($51.57) target price on shares of Berkeley Group Holdings PLC in a research report on Friday, September 1st. Finally, HSBC Holdings plc increased their target price on shares of Berkeley Group Holdings PLC from GBX 3,481 ($45.94) to GBX 3,789 ($50.00) and gave the company a “buy” rating in a research report on Wednesday, July 19th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of GBX 3,616 ($47.72).

Berkeley Group Holdings PLC (LON BKG) opened at 3741.00 on Monday. The firm’s market cap is GBX 5.14 billion. Berkeley Group Holdings PLC has a one year low of GBX 2,286.00 and a one year high of GBX 4,003.00. The company’s 50-day moving average is GBX 3,732.65 and its 200-day moving average is GBX 3,482.04.

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In other news, insider Glyn Barker sold 900 shares of the firm’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of GBX 3,576 ($47.19), for a total transaction of £32,184 ($42,470.31). Also, insider Robert C. G. Perrins sold 500,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of GBX 3,575 ($47.18), for a total transaction of £17,875,000 ($23,588,017.95). In the last ninety days, insiders have sold 1,012,930 shares of company stock valued at $3,760,921,020.

Berkeley Group Holdings PLC Company Profile

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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