The Berkeley Group (LON:BKG – Get Free Report)‘s stock had its “neutral” rating restated by stock analysts at JPMorgan Chase & Co. in a research report issued on Wednesday, MarketBeat.com reports. They currently have a GBX 5,000 ($64.92) price target on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 7.25% from the stock’s previous close.
The Berkeley Group Trading Down 1.2 %
LON:BKG opened at GBX 4,662 ($60.53) on Wednesday. The firm has a 50-day simple moving average of GBX 4,928.83 and a 200-day simple moving average of GBX 4,918.94. The Berkeley Group has a one year low of GBX 4,106.25 ($53.31) and a one year high of GBX 5,588.54 ($72.56). The firm has a market cap of £4.76 billion, a P/E ratio of 1,210.91, a P/E/G ratio of -0.87 and a beta of 1.22. The company has a debt-to-equity ratio of 18.66, a quick ratio of 0.57 and a current ratio of 3.39.
Insider Buying and Selling
In other The Berkeley Group news, insider Richard Stearn sold 3,105 shares of the stock in a transaction on Monday, September 30th. The stock was sold at an average price of GBX 4,720 ($61.28), for a total transaction of £146,556 ($190,283.04). In related news, insider Robert C. G. Perrins sold 200,000 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of GBX 5,248 ($68.14), for a total transaction of £10,496,000 ($13,627,629.19). Also, insider Richard Stearn sold 3,105 shares of The Berkeley Group stock in a transaction on Monday, September 30th. The stock was sold at an average price of GBX 4,720 ($61.28), for a total transaction of £146,556 ($190,283.04). 4.84% of the stock is currently owned by insiders.
About The Berkeley Group
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 also involved in land selling activities. It operates under the Berkeley, St Edward, St George, St James, St Joseph, and St William brand names.
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