Berkeley Group (BKG) Price Target Raised to GBX 4,017

Berkeley Group (LON:BKG) had its price objective boosted by Deutsche Bank from GBX 3,951 ($53.18) to GBX 4,017 ($54.06) in a report published on Monday morning. The firm currently has a hold rating on the stock.

A number of other brokerages have also issued reports on BKG. Liberum Capital reiterated a hold rating and issued a GBX 3,317 ($44.64) target price on shares of Berkeley Group in a research report on Friday, December 8th. Shore Capital reiterated a hold rating on shares of Berkeley Group in a research report on Friday, December 8th. Numis Securities increased their target price on shares of Berkeley Group from GBX 3,413 ($45.94) to GBX 3,600 ($48.45) and gave the company a hold rating in a research report on Friday, December 8th. Canaccord Genuity reiterated a hold rating and issued a GBX 3,940 ($53.03) target price on shares of Berkeley Group in a research report on Friday, December 8th. Finally, J P Morgan Chase & Co reiterated an overweight rating on shares of Berkeley Group in a research report on Monday. Three analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. The company currently has an average rating of Hold and an average target price of GBX 3,704.17 ($49.85).

Berkeley Group (LON:BKG) opened at GBX 4,088 ($55.02) on Monday. Berkeley Group has a 12-month low of GBX 2,724 ($36.66) and a 12-month high of GBX 4,235 ($57.00).

Berkeley Group (LON:BKG) last released its quarterly earnings results on Friday, December 8th. The company reported GBX 316.60 ($4.26) EPS for the quarter. The business had revenue of GBX 160.77 billion during the quarter. Berkeley Group had a net margin of 25.54% and a return on equity of 32.51%.

In other Berkeley Group news, insider Alison Nimmo sold 2,000 shares of the company’s stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of GBX 3,775 ($50.81), for a total value of £75,500 ($101,615.07). Also, insider Robert C. G. Perrins sold 500,000 shares of the company’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of GBX 3,850 ($51.82), for a total transaction of £19,250,000 ($25,908,479.14). Insiders sold a total of 513,030 shares of company stock valued at $1,974,305,620 over the last three months.

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About Berkeley Group

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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