The Berkeley Group (LON:BKG) Stock Passes Below Two Hundred Day Moving Average of $4,817.89

The Berkeley Group Holdings plc (LON:BKG)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 4,817.89 ($60.94) and traded as low as GBX 4,590 ($58.06). The Berkeley Group shares last traded at GBX 4,620 ($58.44), with a volume of 300,286 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on BKG. JPMorgan Chase & Co. cut The Berkeley Group to a “neutral” rating in a research note on Friday, April 12th. Royal Bank of Canada cut shares of The Berkeley Group to an “underperform” rating and set a GBX 4,950 ($62.61) target price for the company. in a report on Friday, April 12th.

The Berkeley Group Trading Up 1.4 %

The company has a fifty day moving average of GBX 5,019.36 and a two-hundred day moving average of GBX 4,815.54. The company has a quick ratio of 0.57, a current ratio of 3.57 and a debt-to-equity ratio of 19.49. The stock has a market capitalization of £4.99 billion, a price-to-earnings ratio of 1,118.29, a P/E/G ratio of -0.87 and a beta of 1.18.

The Berkeley Group Announces Dividend

The company also recently announced a dividend, which will be paid on Friday, July 26th. Stockholders of record on Thursday, June 27th will be paid a GBX 33 ($0.42) dividend. This represents a dividend yield of 0.7%. The ex-dividend date is Thursday, June 27th. The Berkeley Group’s dividend payout ratio (DPR) is presently 2,185.27%.

Insider Activity

In other The Berkeley Group news, insider Rachel Downey bought 422 shares of the business’s stock in a transaction dated Friday, June 21st. The stock was acquired at an average cost of GBX 4,712 ($59.60) per share, with a total value of £19,884.64 ($25,151.33). Insiders own 4.52% of the company’s stock.

The Berkeley Group Company Profile

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 involved in land selling activities. It operates under the Berkeley, St Edward, St George, St James, St Joseph, and St William brand names.