JPMorgan Chase & Co. Reiterates Neutral Rating for The Berkeley Group (LON:BKG)

JPMorgan Chase & Co. reiterated their neutral rating on shares of The Berkeley Group (LON:BKG) in a report issued on Wednesday morning, MarketBeat Ratings reports. They currently have a GBX 5,000 ($64.92) target price on the stock.

The Berkeley Group Stock Down 0.2 %

Shares of LON:BKG opened at GBX 4,654 ($60.43) on Wednesday. The business’s 50 day moving average is GBX 4,921.51 and its 200 day moving average is GBX 4,920.09. The stock has a market cap of £4.75 billion, a P/E ratio of 1,208.83, a price-to-earnings-growth ratio of -0.87 and a beta of 1.22. The Berkeley Group has a 52-week low of GBX 4,106.25 ($53.31) and a 52-week high of GBX 5,588.54 ($72.56). The company has a quick ratio of 0.57, a current ratio of 3.39 and a debt-to-equity ratio of 18.66.

Insider Activity

In related news, insider Robert C. G. Perrins sold 200,000 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of GBX 5,248 ($68.14), for a total value of £10,496,000 ($13,627,629.19). In related news, insider Robert C. G. Perrins sold 200,000 shares of The Berkeley Group stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of GBX 5,248 ($68.14), for a total transaction of £10,496,000 ($13,627,629.19). Also, insider Richard Stearn sold 3,105 shares of The Berkeley Group stock in a transaction on Monday, September 30th. The shares were sold at an average price of GBX 4,720 ($61.28), for a total value of £146,556 ($190,283.04). Insiders own 4.84% of the company’s stock.

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