Berkeley Group’s (BKG) “Hold” Rating Reaffirmed at Deutsche Bank

Deutsche Bank reaffirmed their hold rating on shares of Berkeley Group (LON:BKG) in a research note released on Monday. The firm currently has a GBX 4,017 ($54.06) price objective on the stock.

Several other equities analysts also recently commented on BKG. Liberum Capital restated a hold rating and issued a GBX 3,317 ($44.64) price target on shares of Berkeley Group in a research note on Friday, December 8th. Shore Capital restated a hold rating on shares of Berkeley Group in a research note on Friday, December 8th. Numis Securities boosted their price target on shares of Berkeley Group from GBX 3,413 ($45.94) to GBX 3,600 ($48.45) and gave the stock a hold rating in a research note on Friday, December 8th. Canaccord Genuity restated a hold rating and issued a GBX 3,940 ($53.03) price target on shares of Berkeley Group in a research note on Friday, December 8th. Finally, J P Morgan Chase & Co restated an overweight rating on shares of Berkeley Group in a research note on Monday, December 11th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of GBX 3,704.17 ($49.85).

Berkeley Group (LON BKG) opened at GBX 4,189 ($56.38) on Monday. Berkeley Group has a 52-week low of GBX 2,774.04 ($37.34) and a 52-week 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. Berkeley Group had a net margin of 25.54% and a return on equity of 32.51%. The firm had revenue of GBX 160.77 billion for the quarter.

In other news, insider Richard Stearn sold 10,030 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of GBX 3,754 ($50.52), for a total value of £376,526.20 ($506,764.74). Also, insider John Armitt sold 1,000 shares of the company’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of GBX 4,103 ($55.22), for a total transaction of £41,030 ($55,222.07). In the last quarter, insiders have sold 513,030 shares of company stock valued at $1,974,305,620.

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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.

Analyst Recommendations for Berkeley Group (LON:BKG)

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