The Berkeley Group (LON:BKG) Sets New 52-Week Low – What’s Next?

The Berkeley Group Holdings plc (LON:BKG) reached a new 52-week low during trading on Friday . The company traded as low as GBX 4,038.66 ($50.97) and last traded at GBX 4,042 ($51.02), with a volume of 205823 shares. The stock had previously closed at GBX 4,068 ($51.34).

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. dropped their target price on shares of The Berkeley Group from GBX 5,000 ($63.11) to GBX 4,700 ($59.32) and set a “neutral” rating on the stock in a research note on Thursday, December 5th.

The Berkeley Group Price Performance

The firm has a fifty day moving average of GBX 4,461.29 and a two-hundred day moving average of GBX 4,811.13. The stock has a market capitalization of £4.08 billion, a P/E ratio of 1,036.36, a P/E/G ratio of -0.87 and a beta of 1.22. 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 Transactions at The Berkeley Group

In other news, insider William Jackson acquired 11,054 shares of the business’s stock in a transaction dated Thursday, October 31st. The shares were purchased at an average price of GBX 4,370 ($55.16) per share, with a total value of £483,059.80 ($609,693.05). Also, insider Richard Stearn sold 3,105 shares of the stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of GBX 4,720 ($59.57), for a total transaction of £146,556 ($184,975.39). Corporate insiders own 4.84% of the company’s stock.

About The Berkeley Group

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.