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The Berkeley Group (LON:BKG) Sets New 52-Week Low - Here's Why

The Berkeley Group logo with Consumer Cyclical background

The Berkeley Group Holdings plc (LON:BKG - Get Free Report)'s stock price reached a new 52-week low during trading on Tuesday . The company traded as low as GBX 4,236 ($54.51) and last traded at GBX 4,236 ($54.51), with a volume of 1464132 shares trading hands. The stock had previously closed at GBX 4,282 ($55.10).

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. reissued a "neutral" rating and issued a GBX 5,000 ($64.34) target price on shares of The Berkeley Group in a research note on Wednesday, October 23rd.

Get Our Latest Research Report on The Berkeley Group

The Berkeley Group Trading Down 1.5 %

The company has a market capitalization of £4.31 billion, a PE ratio of 1,095.58, 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 firm's 50 day simple moving average is GBX 4,767.11 and its 200-day simple moving average is GBX 4,910.99.

Insider Buying and Selling at The Berkeley Group

In other news, insider Richard Stearn sold 3,105 shares of The Berkeley Group stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of GBX 4,720 ($60.74), for a total value of £146,556 ($188,593.49). In other The Berkeley Group news, insider Richard Stearn sold 3,105 shares of the company's stock in a transaction on Monday, September 30th. The shares were sold at an average price of GBX 4,720 ($60.74), for a total transaction of £146,556 ($188,593.49). Also, insider Robert C. G. Perrins sold 200,000 shares of the firm's stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of GBX 5,248 ($67.53), for a total transaction of £10,496,000 ($13,506,627.20). Insiders own 4.84% of the company's stock.

The Berkeley Group Company Profile

(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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