Berkeley Group (LON:BKG) had its price objective trimmed by Jefferies Financial Group from GBX 6,315 ($83.07) to GBX 5,779 ($76.02) in a report published on Thursday morning, Stock Target Advisor reports. The firm currently has a buy rating on the stock.

BKG has been the subject of several other research reports. Deutsche Bank upped their price target on shares of Berkeley Group from GBX 3,428 ($45.09) to GBX 3,990 ($52.49) and gave the stock a sell rating in a research report on Tuesday, January 14th. HSBC upgraded shares of Berkeley Group to a buy rating and upped their price target for the stock from GBX 4,540 ($59.72) to GBX 6,620 ($87.08) in a research report on Wednesday, February 19th. Canaccord Genuity upped their price target on shares of Berkeley Group from GBX 4,570 ($60.12) to GBX 4,890 ($64.33) and gave the stock a hold rating in a research report on Tuesday, January 7th. Liberum Capital restated a sell rating on shares of Berkeley Group in a research report on Thursday, March 12th. Finally, Peel Hunt restated an add rating on shares of Berkeley Group in a research report on Thursday, March 12th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. Berkeley Group presently has a consensus rating of Hold and an average price target of GBX 4,922.18 ($64.75).

Shares of Berkeley Group stock traded up GBX 110 ($1.45) during trading on Thursday, hitting GBX 3,395 ($44.66). 1,169,957 shares of the stock were exchanged, compared to its average volume of 641,898. The stock’s fifty day moving average is GBX 4,835.11 and its 200 day moving average is GBX 4,620.43. The stock has a market cap of $4.27 billion and a PE ratio of 8.48. The company has a debt-to-equity ratio of 10.04, a quick ratio of 0.89 and a current ratio of 2.89. Berkeley Group has a 12 month low of GBX 3,416 ($44.94) and a 12 month high of GBX 5,562 ($73.16).

The business also recently announced a dividend, which will be paid on Tuesday, March 31st. Investors of record on Thursday, March 19th will be given a GBX 99.32 ($1.31) dividend. This represents a yield of 2.73%. The ex-dividend date is Thursday, March 19th. This is a positive change from Berkeley Group’s previous dividend of $20.08. Berkeley Group’s dividend payout ratio is currently 0.10%.

In related news, insider Glyn Barker bought 570 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The stock was purchased at an average price of GBX 3,616 ($47.57) per share, for a total transaction of £20,611.20 ($27,112.87). Also, insider Peter Vernon bought 1,391 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The stock was bought at an average price of GBX 4,789 ($63.00) per share, with a total value of £66,614.99 ($87,628.24).

About Berkeley Group

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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