The Berkeley Group (LON:BKG) Stock Passes Below 200 Day Moving Average – What’s Next?

The Berkeley Group Holdings plc (LON:BKG) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 4,729.63 ($59.51) and traded as low as GBX 3,866 ($48.65). The Berkeley Group shares last traded at GBX 3,877.98 ($48.80), with a volume of 176,965 shares changing hands.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. decreased their price objective on shares of The Berkeley Group from GBX 5,000 ($62.92) to GBX 4,700 ($59.14) and set a “neutral” rating on the stock in a report on Thursday, December 5th.

The Berkeley Group Trading Down 0.5 %

The company has a debt-to-equity ratio of 18.66, a quick ratio of 0.57 and a current ratio of 3.39. The stock has a market capitalization of £3.96 billion, a price-to-earnings ratio of 1,007.27, a price-to-earnings-growth ratio of -0.87 and a beta of 1.22. The business has a fifty day simple moving average of GBX 4,297.01 and a 200 day simple moving average of GBX 4,720.34.

Insider Buying and Selling at The Berkeley Group

In other news, insider Richard Stearn sold 3,105 shares of the company’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of GBX 4,720 ($59.39), for a total transaction of £146,556 ($184,416.76). Also, insider William Jackson bought 11,054 shares of The Berkeley Group stock in a transaction on Thursday, October 31st. The stock was acquired at an average cost of GBX 4,370 ($54.99) per share, for a total transaction of £483,059.80 ($607,851.77). Insiders own 4.84% of the company’s stock.

About The Berkeley Group

At Berkeley Group we build homes and neighbourhoods across London, Birmingham and the South of England.

Our passion and purpose is to build quality homes, strengthen communities and make a positive difference to people’s lives. We use our sustained commercial success to make valuable and enduring contributions that benefit all our stakeholders.