Berkeley Group (BKG) Receives “Buy” Rating from Peel Hunt

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Peel Hunt reiterated their buy rating on shares of Berkeley Group (LON:BKG) in a research report released on Wednesday.

BKG has been the topic of a number of other research reports. Numis Securities reissued a hold rating on shares of Berkeley Group in a report on Thursday, June 21st. Shore Capital lowered Berkeley Group to a sell rating in a report on Tuesday, June 26th. JPMorgan Chase & Co. reissued a neutral rating and issued a GBX 4,300 ($55.47) target price on shares of Berkeley Group in a report on Thursday, June 21st. Liberum Capital reissued a hold rating on shares of Berkeley Group in a report on Thursday, June 28th. Finally, Morgan Stanley lowered Berkeley Group to an underweight rating and boosted their target price for the company from GBX 3,400 ($43.86) to GBX 3,700 ($47.73) in a report on Thursday, June 21st. Six analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. Berkeley Group presently has a consensus rating of Hold and an average target price of GBX 3,800.08 ($49.02).

Shares of LON BKG opened at GBX 3,579 ($46.17) on Wednesday. Berkeley Group has a twelve month low of GBX 2,903 ($37.45) and a twelve month high of GBX 4,270 ($55.08).

The business also recently announced a dividend, which will be paid on Friday, September 14th. Stockholders of record on Thursday, August 23rd will be issued a GBX 33.30 ($0.43) dividend. This represents a dividend yield of 0.9%. The ex-dividend date of this dividend is Thursday, August 23rd.

In related news, insider Glyn Barker bought 1,440 shares of the company’s stock in a transaction dated Tuesday, June 26th. The shares were acquired at an average price of GBX 3,777 ($48.72) per share, with a total value of £54,388.80 ($70,160.99).

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. The company builds homes, neighbourhoods, communities, luxury homes, and affordable housing for families, first time buyers, students, and senior people in London and the south of England markets.

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Analyst Recommendations for Berkeley Group (LON:BKG)

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