Shares of The Berkeley Group Holdings plc (LON:BKG – Get Free Report) hit a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 3,880 ($48.76) and last traded at GBX 3,900 ($49.01), with a volume of 9668670 shares changing hands. The stock had previously closed at GBX 3,918 ($49.24).
Analysts Set New Price Targets
Separately, JPMorgan Chase & Co. cut their price target on The Berkeley Group from GBX 5,000 ($62.84) to GBX 4,700 ($59.07) and set a “neutral” rating for the company in a report on Thursday, December 5th.
Get Our Latest Stock Analysis on The Berkeley Group
The Berkeley Group Stock Performance
Insider Activity at The Berkeley Group
In related news, insider Richard Stearn sold 3,105 shares of the stock in a transaction on Monday, September 30th. The stock was sold at an average price of GBX 4,720 ($59.32), for a total value of £146,556 ($184,184.99). Also, insider William Jackson bought 11,054 shares of The Berkeley Group stock in a transaction that occurred on Thursday, October 31st. The shares were acquired at an average price of GBX 4,370 ($54.92) per share, with a total value of £483,059.80 ($607,087.85). 4.84% of the stock is owned by corporate insiders.
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.
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