The Berkeley Group (LON:BKG) Sets New 12-Month Low – Here’s What Happened

Shares of The Berkeley Group Holdings plc (LON:BKG) reached a new 52-week low during trading on Friday . The company traded as low as GBX 3,880 ($48.49) and last traded at GBX 3,900 ($48.74), with a volume of 9668670 shares. The stock had previously closed at GBX 3,918 ($48.97).

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. reduced their price objective on shares of The Berkeley Group from GBX 5,000 ($62.49) to GBX 4,700 ($58.74) and set a “neutral” rating on the stock in a research report on Thursday, December 5th.

The Berkeley Group Stock Down 0.4 %

The company has a current ratio of 3.39, a quick ratio of 0.57 and a debt-to-equity ratio of 18.66. The company has a 50-day simple moving average of GBX 4,395.69 and a 200 day simple moving average of GBX 4,776.97. The company has a market cap of £3.99 billion, a P/E ratio of 1,014.03, a P/E/G ratio of -0.87 and a beta of 1.22.

Insider Transactions at The Berkeley Group

In related news, insider William Jackson purchased 11,054 shares of the business’s stock in a transaction dated Thursday, October 31st. The shares were acquired at an average cost of GBX 4,370 ($54.62) per share, for a total transaction of £483,059.80 ($603,749.28). Also, insider Richard Stearn sold 3,105 shares of the firm’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of GBX 4,720 ($58.99), for a total value of £146,556 ($183,172.10). Company insiders own 4.84% 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 also involved in land selling activities. It operates under the Berkeley, St Edward, St George, St James, St Joseph, and St William brand names.