The Berkeley Group (LON:BKG) Sets New 12-Month Low - Here's What Happened

The Berkeley Group Holdings plc (LON:BKG - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 4,038.66 ($50.97) and last traded at GBX 4,042 ($51.02), with a volume of 205823 shares traded. The stock had previously closed at GBX 4,068 ($51.34).

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. cut their price objective on shares of The Berkeley Group from GBX 5,000 ($63.11) to GBX 4,700 ($59.32) and set a "neutral" rating on the stock in a research report on Thursday, December 5th.

The Berkeley Group Trading Down 1.9 %

The company has a debt-to-equity ratio of 18.66, a quick ratio of 0.57 and a current ratio of 3.39. The firm has a market cap of £4.08 billion, a P/E ratio of 1,036.36, a price-to-earnings-growth ratio of -0.87 and a beta of 1.22. The stock has a fifty day simple moving average of GBX 4,477.27 and a 200 day simple moving average of GBX 4,822.93.

Insider Buying and Selling at The Berkeley Group

In other news, insider Richard Stearn sold 3,105 shares of the company's stock in a transaction dated Monday, September 30th. The shares were sold at an average price of GBX 4,720 ($59.57), for a total transaction of £146,556 ($184,975.39). Also, insider William Jackson acquired 11,054 shares of the stock in a transaction dated Thursday, October 31st. The stock was acquired at an average price of GBX 4,370 ($55.16) per share, for a total transaction of £483,059.80 ($609,693.05). Company 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.