Trade Report: The Berkeley Group Holdings PLC’s (BKG) Buy Rating Reaffirm at Deutsche Bank AG

The Berkeley Group Holdings PLC’s (BKG) Buy Rating Reaffirm at Deutsche Bank AG

Berkeley Group Holdings PLC (LON:BKG)‘s stock had its “buy” rating reissued by analysts at Deutsche Bank AG in a note issued to investors on Wednesday. They currently have a GBX 3,829 ($47.84) target price on the stock. Deutsche Bank AG’s price target would indicate a potential upside of 58.22% from the company’s current price.

A number of other analysts have also recently weighed in on BKG. Liberum Capital restated a “buy” rating and issued a GBX 2,728 ($34.08) price target on shares of Berkeley Group Holdings PLC in a report on Tuesday, September 6th. Credit Suisse Group AG raised their price target on shares of Berkeley Group Holdings PLC from GBX 2,005 ($25.05) to GBX 2,162 ($27.01) and gave the company an “underperform” rating in a report on Friday, September 23rd. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 3,200 ($39.98) price target on shares of Berkeley Group Holdings PLC in a report on Wednesday, September 7th. Canaccord Genuity restated a “buy” rating and issued a GBX 2,750 ($34.36) price target on shares of Berkeley Group Holdings PLC in a report on Tuesday, October 4th. Finally, Beaufort Securities restated a “buy” rating on shares of Berkeley Group Holdings PLC in a report on Wednesday, September 7th. Two analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of GBX 3,296.46 ($41.19).

Shares of Berkeley Group Holdings PLC (LON:BKG) traded down 0.90% during mid-day trading on Wednesday, reaching GBX 2427.71. 556,180 shares of the company traded hands. The firm’s market capitalization is GBX 3.35 billion. The firm has a 50-day moving average price of GBX 2,426.19 and a 200 day moving average price of GBX 2,680.89. Berkeley Group Holdings PLC has a 52 week low of GBX 2,015.00 and a 52 week high of GBX 3,788.00.

In other news, insider Li,Adrian bought 10,000 shares of the business’s stock in a transaction dated Friday, September 16th. The stock was purchased at an average cost of GBX 2,570 ($32.11) per share, with a total value of £257,000 ($321,089.46). Also, insider Richard Stearn sold 10,030 shares of Berkeley Group Holdings PLC stock in a transaction that occurred on Friday, September 30th. The shares were sold at an average price of GBX 2,458 ($30.71), for a total transaction of £246,537.40 ($308,017.74).

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