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The Berkeley Group (LON:BKG) Reaches New 52-Week Low - Here's What Happened

The Berkeley Group logo with Consumer Cyclical background

Shares of The Berkeley Group Holdings plc (LON:BKG - Get Free Report) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 4,088 ($51.94) and last traded at GBX 4,102 ($52.12), with a volume of 260956 shares. The stock had previously closed at GBX 4,112 ($52.25).

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. restated a "neutral" rating and issued a GBX 5,000 ($63.53) price target on shares of The Berkeley Group in a research note on Wednesday, October 23rd.

Read Our Latest Research Report on BKG

The Berkeley Group Price Performance

The stock's fifty day moving average price is GBX 4,550.52 and its 200-day moving average price is GBX 4,858.49. The firm has a market cap of £4.23 billion, a price-to-earnings ratio of 1,073.77, a P/E/G ratio of -0.87 and a beta of 1.22. The company has a current ratio of 3.39, a quick ratio of 0.57 and a debt-to-equity ratio of 18.66.

Insider Activity at The Berkeley Group

In related news, insider Richard Stearn sold 3,105 shares of the business's stock in a transaction on Monday, September 30th. The shares were sold at an average price of GBX 4,720 ($59.97), for a total value of £146,556 ($186,221.09). Also, insider William Jackson purchased 11,054 shares of The Berkeley Group stock in a transaction that occurred on Thursday, October 31st. The stock was bought at an average cost of GBX 4,370 ($55.53) per share, with a total value of £483,059.80 ($613,798.98). 4.84% of the stock is owned by insiders.

About The Berkeley Group

(Get Free Report)

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.

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