The Berkeley Group (LON:BKG) Stock Crosses Below Two Hundred Day Moving Average – Should You Sell?

The Berkeley Group Holdings plc (LON:BKG)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 4,729.63 ($59.51) and traded as low as GBX 3,866 ($48.65). The Berkeley Group shares last traded at GBX 3,877.98 ($48.80), with a volume of 176,965 shares.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. decreased their price objective on The Berkeley Group from GBX 5,000 ($62.92) to GBX 4,700 ($59.14) and set a “neutral” rating on the stock in a report on Thursday, December 5th.

The Berkeley Group Stock Down 0.5 %

The stock has a market capitalization of £3.96 billion, a price-to-earnings ratio of 1,007.27, a price-to-earnings-growth ratio of -0.87 and a beta of 1.22. The firm has a 50 day simple moving average of GBX 4,297.01 and a 200-day simple moving average of GBX 4,717.30. The company has a debt-to-equity ratio of 18.66, a current ratio of 3.39 and a quick ratio of 0.57.

Insider Buying and Selling

In related news, insider Richard Stearn sold 3,105 shares of the firm’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of GBX 4,720 ($59.39), for a total transaction of £146,556 ($184,416.76). Also, insider William Jackson acquired 11,054 shares of The Berkeley Group stock in a transaction on Thursday, October 31st. The stock was acquired at an average cost of GBX 4,370 ($54.99) per share, for a total transaction of £483,059.80 ($607,851.77). 4.84% of the stock is currently owned by corporate insiders.

The Berkeley Group Company Profile

At Berkeley Group we build homes and neighbourhoods across London, Birmingham and the South of England.

Our passion and purpose is to build quality homes, strengthen communities and make a positive difference to people’s lives. We use our sustained commercial success to make valuable and enduring contributions that benefit all our stakeholders.