Berkeley Group (LON:BKG)‘s stock had its “buy” rating reiterated by equities researchers at Peel Hunt in a report released on Wednesday. They presently have a GBX 4,870 ($64.84) price target on the stock, up from their prior price target of GBX 4,730 ($62.97). Peel Hunt’s price target suggests a potential upside of 24.52% from the company’s previous close.
Several other research firms have also weighed in on BKG. Liberum Capital reaffirmed a “hold” rating and set a GBX 3,910 ($52.06) price target on shares of Berkeley Group in a research report on Friday, May 25th. Credit Suisse Group boosted their price target on Berkeley Group from GBX 2,985 ($39.74) to GBX 3,579 ($47.65) and gave the stock an “underperform” rating in a research report on Friday, May 4th. Shore Capital reaffirmed a “hold” rating on shares of Berkeley Group in a research report on Thursday, March 8th. Finally, Barclays reiterated an “underweight” rating and set a GBX 3,729 ($49.65) target price on shares of Berkeley Group in a research note on Monday, March 19th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of GBX 3,890.73 ($51.80).
Shares of Berkeley Group traded down GBX 226 ($3.01), hitting GBX 3,911 ($52.07), during trading on Wednesday, Marketbeat Ratings reports. 988,917 shares of the company were exchanged, compared to its average volume of 641,898. Berkeley Group has a fifty-two week low of GBX 2,903 ($38.65) and a fifty-two week high of GBX 4,270 ($56.85).
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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