Deutsche Bank Raises Berkeley Group (LON:BKG) Price Target to GBX 3,990

Berkeley Group (LON:BKG) had its price objective increased by equities researchers at Deutsche Bank from GBX 3,428 ($45.09) to GBX 3,990 ($52.49) in a research report issued to clients and investors on Tuesday, Stock Target Advisor reports. The brokerage currently has a “sell” rating on the stock. Deutsche Bank’s target price would suggest a potential downside of 19.33% from the company’s previous close.

BKG has been the subject of a number of other reports. Peel Hunt upped their price objective on Berkeley Group from GBX 4,020 ($52.88) to GBX 5,130 ($67.48) and gave the stock an “add” rating in a research note on Monday. HSBC lowered Berkeley Group to a “hold” rating in a research report on Friday, November 22nd. Goldman Sachs Group lowered Berkeley Group to a “sell” rating and reduced their target price for the company from GBX 3,953 ($52.00) to GBX 3,860 ($50.78) in a research report on Friday, November 15th. Liberum Capital reaffirmed a “sell” rating on shares of Berkeley Group in a research report on Tuesday, January 7th. Finally, Morgan Stanley upped their target price on Berkeley Group from GBX 3,800 ($49.99) to GBX 4,400 ($57.88) and gave the company an “underweight” rating in a research report on Friday, January 10th. Five analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 4,422.18 ($58.17).

Shares of LON BKG traded up GBX 101 ($1.33) during mid-day trading on Tuesday, reaching GBX 4,946 ($65.06). 229,803 shares of the company were exchanged, compared to its average volume of 641,898. The company has a quick ratio of 0.89, a current ratio of 2.89 and a debt-to-equity ratio of 10.04. The stock has a market cap of $6.10 billion and a price-to-earnings ratio of 12.36. Berkeley Group has a 1 year low of GBX 3,416 ($44.94) and a 1 year high of GBX 5,294 ($69.64). The firm has a 50-day moving average of GBX 4,818.42 and a 200 day moving average of GBX 4,263.06.

In related news, insider Anthony W. Pidgley sold 1,393 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of GBX 5,040 ($66.30), for a total transaction of £70,207.20 ($92,353.59).

Berkeley Group Company Profile

The Berkeley Group Holdings plc, together with its subsidiaries, engages in the residential-led and mixed-use property development activities in the United Kingdom. It operates under the Berkeley, St Edward, St George, St James, St Joseph, St William, Berkeley First, Berkeley Commercial, Berkeley Partnership, and Berkeley Modular brands.

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Analyst Recommendations for Berkeley Group (LON:BKG)

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