The Berkeley Group (LON:BKG) Rating Lowered to Underperform at Royal Bank of Canada

The Berkeley Group (LON:BKG) was downgraded by equities researchers at Royal Bank of Canada to an “underperform” rating in a research note issued on Friday, Digital Look reports. They currently have a GBX 4,950 ($62.65) price objective on the stock. Royal Bank of Canada’s price target would suggest a potential upside of 8.36% from the company’s current price.

Separately, Peel Hunt downgraded shares of The Berkeley Group to a “hold” rating and set a GBX 4,450 ($56.32) price objective for the company. in a research report on Thursday, December 14th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of GBX 4,614.86 ($58.41).

The Berkeley Group Stock Performance

Shares of BKG stock traded up GBX 4 ($0.05) during mid-day trading on Friday, reaching GBX 4,568 ($57.82). 251,528 shares of the company’s stock traded hands, compared to its average volume of 233,286. The Berkeley Group has a 12 month low of GBX 3,634 ($45.99) and a 12 month high of GBX 4,980 ($63.03). The firm has a 50 day moving average price of GBX 4,683.80 and a two-hundred day moving average price of GBX 4,550.68. The company has a debt-to-equity ratio of 19.49, a quick ratio of 0.57 and a current ratio of 3.57. The firm has a market capitalization of £4.85 billion, a PE ratio of 1,085.04, a price-to-earnings-growth ratio of -0.87 and a beta of 1.19.

Insider Buying and Selling

In other news, insider Sarah Sands bought 319 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The stock was bought at an average price of GBX 4,698 ($59.46) per share, with a total value of £14,986.62 ($18,968.00). 4.86% of the stock is currently owned by insiders.

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.