Liberum Capital Reaffirms “Hold” Rating for Berkeley Group (BKG)

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Liberum Capital reissued their hold rating on shares of Berkeley Group (LON:BKG) in a research note released on Wednesday.

BKG has been the topic of a number of other reports. Credit Suisse Group dropped their price target on shares of Berkeley Group from GBX 3,579 ($46.17) to GBX 3,433 ($44.29) and set an underperform rating on the stock in a research report on Thursday, August 23rd. Peel Hunt reissued a buy rating and set a GBX 4,870 ($62.82) price target (up from GBX 4,730 ($61.02)) on shares of Berkeley Group in a research report on Wednesday, June 20th. Deutsche Bank raised their price target on shares of Berkeley Group from GBX 4,014 ($51.78) to GBX 4,095 ($52.83) and gave the company a hold rating in a research report on Thursday, August 30th. Berenberg Bank began coverage on shares of Berkeley Group in a report on Wednesday, July 25th. They set a hold rating and a GBX 3,360 ($43.34) price objective for the company. Finally, Goodbody downgraded shares of Berkeley Group to a sell rating and decreased their price objective for the stock from GBX 3,800 ($49.02) to GBX 3,400 ($43.86) in a report on Friday, July 6th. Six analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of GBX 3,800.08 ($49.02).

BKG opened at GBX 3,563 ($45.96) on Wednesday. Berkeley Group has a fifty-two week low of GBX 2,903 ($37.45) and a fifty-two week high of GBX 4,270 ($55.08).

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

In related news, insider Glyn Barker acquired 1,440 shares of the firm’s stock in a transaction that occurred on Tuesday, June 26th. The stock was acquired at an average price of GBX 3,777 ($48.72) per share, for a total transaction of £54,388.80 ($70,160.99).

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. 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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