Analysts Set The Berkeley Group Holdings plc (LON:BKG) Price Target at GBX 4,614.86

The Berkeley Group Holdings plc (LON:BKG) has been given a consensus rating of “Hold” by the seven ratings firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is GBX 4,614.86 ($57.45).

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. cut The Berkeley Group to a “neutral” rating in a research note on Friday, April 12th. Royal Bank of Canada downgraded The Berkeley Group to an “underperform” rating and set a GBX 4,950 ($61.62) price target for the company. in a report on Friday, April 12th.

Insider Buying and Selling at The Berkeley Group

In other news, insider Sarah Sands purchased 319 shares of the stock in a transaction dated Tuesday, March 26th. The shares were purchased at an average cost of GBX 4,698 ($58.48) per share, with a total value of £14,986.62 ($18,656.32). Insiders own 4.53% of the company’s stock.

The Berkeley Group Trading Down 1.4 %

Shares of BKG stock opened at GBX 4,554 ($56.69) on Friday. The company has a current ratio of 3.57, a quick ratio of 0.57 and a debt-to-equity ratio of 19.49. The stock has a market cap of £4.83 billion, a P/E ratio of 1,097.39, a price-to-earnings-growth ratio of -0.87 and a beta of 1.19. The stock has a 50 day simple moving average of GBX 4,662.50 and a 200 day simple moving average of GBX 4,566. The Berkeley Group has a 1 year low of GBX 3,634 ($45.24) and a 1 year high of GBX 4,980 ($61.99).

The Berkeley Group Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 7th were issued a dividend of GBX 33 ($0.41) per share. The ex-dividend date was Thursday, March 7th. This represents a yield of 0.72%. The Berkeley Group’s dividend payout ratio (DPR) is 2,185.27%.

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 involved in land selling activities. It operates under the Berkeley, St Edward, St George, St James, St Joseph, and St William brand names.