Berkeley Group (LON:BKG) Stock Passes Below 200-Day Moving Average of $3,801.85

Berkeley Group Holdings PLC (LON:BKG)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3,801.85 and traded as low as $3,982.00. Berkeley Group shares last traded at $4,007.00, with a volume of 295,839 shares changing hands.

Several research firms have recently weighed in on BKG. Numis Securities restated a “hold” rating on shares of Berkeley Group in a research report on Thursday, June 13th. Liberum Capital restated a “hold” rating and set a GBX 3,700 ($48.35) price objective on shares of Berkeley Group in a research report on Friday, September 6th. Peel Hunt restated an “add” rating on shares of Berkeley Group in a research report on Friday, September 6th. Shore Capital restated a “hold” rating on shares of Berkeley Group in a research report on Friday, September 6th. Finally, Deutsche Bank began coverage on shares of Berkeley Group in a research report on Wednesday, September 4th. They set a “sell” rating and a GBX 3,428 ($44.79) price objective on the stock. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of GBX 3,934.10 ($51.41).

The company has a market cap of $5.03 billion and a PE ratio of 8.53. The business’s 50-day moving average is GBX 4,000.46 and its 200 day moving average is GBX 3,801.85. The company has a debt-to-equity ratio of 10.12, a quick ratio of 0.85 and a current ratio of 2.83.

The firm also recently announced a dividend, which was paid on Friday, September 13th. Investors of record on Thursday, August 22nd were given a GBX 20.08 ($0.26) dividend. This represents a yield of 0.53%. The ex-dividend date of this dividend was Thursday, August 22nd. This is a boost from Berkeley Group’s previous dividend of $7.12. Berkeley Group’s dividend payout ratio (DPR) is presently 0.09%.

In related news, insider Glyn Barker sold 1,802 shares of Berkeley Group stock in a transaction on Friday, September 13th. The shares were sold at an average price of GBX 4,161 ($54.37), for a total value of £74,981.22 ($97,976.24). Also, insider Anthony W. Pidgley sold 1,000,000 shares of Berkeley Group stock in a transaction on Thursday, July 18th. The stock was sold at an average price of GBX 3,720 ($48.61), for a total transaction of £37,200,000 ($48,608,388.87). In the last quarter, insiders sold 1,366,097 shares of company stock worth $5,166,616,737.

Berkeley Group Company Profile (LON:BKG)

The Berkeley Group Holdings plc, together with its subsidiaries, engages in the residential-led and mixed-use property development activities in the United Kingdom. It operates under the Berkeley, St Edward, St George, St James, St Joseph, St William, Berkeley First, Berkeley Commercial, Berkeley Partnership, and Berkeley Modular brands.

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