HSBC upgraded shares of Berkeley Group (LON:BKG) to a buy rating in a report released on Wednesday, Stock Target Advisor reports. The firm currently has GBX 6,620 ($87.08) price objective on the stock, up from their previous price objective of GBX 4,540 ($59.72).

A number of other equities research analysts have also commented on the company. Berenberg Bank raised their price target on Berkeley Group from GBX 3,480 ($45.78) to GBX 3,830 ($50.38) and gave the stock a hold rating in a research report on Thursday, January 9th. Liberum Capital reiterated a sell rating on shares of Berkeley Group in a research report on Wednesday, January 22nd. Peel Hunt reissued an add rating on shares of Berkeley Group in a research note on Wednesday, January 22nd. UBS Group restated a buy rating on shares of Berkeley Group in a report on Tuesday, February 4th. Finally, Deutsche Bank lifted their price target on shares of Berkeley Group from GBX 3,428 ($45.09) to GBX 3,990 ($52.49) and gave the company a sell rating in a research note on Tuesday, January 14th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of GBX 4,940.55 ($64.99).

BKG stock traded down GBX 84 ($1.10) during midday trading on Wednesday, hitting GBX 5,390 ($70.90). 185,360 shares of the company’s stock were exchanged, compared to its average volume of 641,898. The stock’s fifty day moving average price is GBX 5,134.72 and its 200-day moving average price is GBX 4,524.31. The company has a debt-to-equity ratio of 10.04, a quick ratio of 0.89 and a current ratio of 2.89. The company has a market cap of $6.79 billion and a PE ratio of 13.47. Berkeley Group has a one year low of GBX 3,416 ($44.94) and a one year high of GBX 5,504 ($72.40).

In other Berkeley Group news, insider Anthony W. Pidgley sold 1,393 shares of the company’s stock in a transaction on 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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