The Berkeley Group (LON:BKG) Reaches New 12-Month Low – Time to Sell?

The Berkeley Group Holdings plc (LON:BKG) reached a new 52-week low during trading on Friday . The company traded as low as GBX 4,038.66 ($50.97) and last traded at GBX 4,042 ($51.02), with a volume of 205823 shares. The stock had previously closed at GBX 4,068 ($51.34).

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. decreased their price objective on shares of The Berkeley Group from GBX 5,000 ($63.11) to GBX 4,700 ($59.32) and set a “neutral” rating for the company in a report on Thursday, December 5th.

The Berkeley Group Trading Down 1.9 %

The company has a quick ratio of 0.57, a current ratio of 3.39 and a debt-to-equity ratio of 18.66. The firm has a market capitalization of £4.08 billion, a PE ratio of 1,036.36, a PEG ratio of -0.87 and a beta of 1.22. The stock’s fifty day simple moving average is GBX 4,461.29 and its 200 day simple moving average is GBX 4,811.13.

Insider Buying and Selling

In related news, insider Richard Stearn sold 3,105 shares of the firm’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of GBX 4,720 ($59.57), for a total transaction of £146,556 ($184,975.39). Also, insider William Jackson purchased 11,054 shares of the firm’s stock in a transaction on Thursday, October 31st. The stock was bought at an average price of GBX 4,370 ($55.16) per share, for a total transaction of £483,059.80 ($609,693.05). 4.84% of the stock is currently owned by insiders.

The Berkeley Group Company Profile

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.