The Berkeley Group (LON:BKG) Share Price Passes Below 200-Day Moving Average of $4,817.89

Posted by Defense World Staff on Jul 2nd, 2024

The Berkeley Group Holdings plc (LON:BKG – Get Free Report) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 4,817.89 ($60.94) and traded as low as GBX 4,590 ($58.06). The Berkeley Group shares last traded at GBX 4,620 ($58.44), with a volume of 300,286 shares traded.

Wall Street Analyst Weigh In

BKG has been the subject of several recent research reports. Royal Bank of Canada downgraded shares of The Berkeley Group to an “underperform” rating and set a GBX 4,950 ($62.61) target price for the company. in a research note on Friday, April 12th. JPMorgan Chase & Co. downgraded shares of The Berkeley Group to a “neutral” rating in a research note on Friday, April 12th.

Check Out Our Latest Analysis on BKG

The Berkeley Group Price Performance

The firm’s 50 day moving average price is GBX 5,018.92 and its two-hundred day moving average price is GBX 4,817.89. The company has a debt-to-equity ratio of 19.49, a current ratio of 3.57 and a quick ratio of 0.57. The stock has a market cap of £4.89 billion, a PE ratio of 1,097.39, a P/E/G ratio of -0.87 and a beta of 1.18.

The Berkeley Group Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Friday, July 26th. Stockholders of record on Thursday, June 27th will be given a GBX 33 ($0.42) dividend. The ex-dividend date is Thursday, June 27th. This represents a dividend yield of 0.7%. The Berkeley Group’s dividend payout ratio (DPR) is currently 2,185.27%.

Insider Activity

In other news, insider Rachel Downey acquired 422 shares of the business’s stock in a transaction dated Friday, June 21st. The stock was bought at an average cost of GBX 4,712 ($59.60) per share, for a total transaction of £19,884.64 ($25,151.33). 4.52% of the stock is owned by company insiders.

About The Berkeley Group

(Get Free Report)

The Berkeley Group Holdings plc, together with its subsidiaries, engages in the residential-led and mixed-use property development and ancillary activities in the United Kingdom. The company is involved in land selling activities. It operates under the Berkeley, St Edward, St George, St James, St Joseph, and St William brand names.