The Berkeley Group (LON:BKG - Get Free Report) had its target price lowered by investment analysts at JPMorgan Chase & Co. from GBX 5,000 ($63.53) to GBX 4,700 ($59.72) in a research note issued to investors on Thursday, Marketbeat.com reports. The brokerage currently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s target price indicates a potential upside of 12.98% from the stock's previous close.
The Berkeley Group Stock Performance
LON:BKG traded up GBX 24.16 ($0.31) during midday trading on Thursday, reaching GBX 4,160.16 ($52.86). The stock had a trading volume of 238,456 shares, compared to its average volume of 378,179. The stock has a market cap of £4.25 billion, a P/E ratio of 1,068.05, a P/E/G ratio of -0.87 and a beta of 1.22. The company has a quick ratio of 0.57, a current ratio of 3.39 and a debt-to-equity ratio of 18.66. The Berkeley Group has a 12-month low of GBX 4,048 ($51.44) and a 12-month high of GBX 5,588.54 ($71.01). The firm has a fifty day simple moving average of GBX 4,535.16 and a two-hundred day simple moving average of GBX 4,851.69.
Insider Transactions at The Berkeley Group
In other The Berkeley Group news, insider William Jackson acquired 11,054 shares of the company's stock in a transaction dated Thursday, October 31st. The stock was acquired at an average cost of GBX 4,370 ($55.53) per share, with a total value of £483,059.80 ($613,798.98). Also, insider Richard Stearn sold 3,105 shares of the firm's stock in a transaction on Monday, September 30th. The stock was sold at an average price of GBX 4,720 ($59.97), for a total value of £146,556 ($186,221.09). Corporate insiders own 4.84% of the company's stock.
About The Berkeley Group
(
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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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