Berkeley Group Holdings The PLC (LON:BKG) Rating Reaffirmed
Berkeley Group Holdings The PLC (LON:BKG) just had their share rating of a ‘”Hold”‘ issued by research analysts at Deutsche Bank, who now has a GBX 3346.00 target price on the 4.92 billion GBP market cap company or a -7.11% downside potential. This key information was disclosed to clients in a recent research report on 7 December.
From a total of 13 analysts covering Berkeley Group Holdings The PLC (LON:BKG) stock, 4 rate it a ”Buy”, 0 a “Sell”, and 9 a ”Hold”. This means that 31% of the ratings are positive. The highest target price is GBX 4400 while the lowest target price is GBX 2436. The mean of all analyst targets is GBX 3550.5 with a 3.31% above today’s (GBX 3602) stock price. Berkeley Group Holdings The PLC was the topic of 37 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Deutsche Bank maintained shares on December 7 with “Hold” rating. UBS maintained shares with “Buy” rating and GBX 3900 target share price in a report from a November 24. J.P. Morgan maintained BKG stock in a recent report from December 4 with “Overweight” rating. Barclays Capital maintained the rating on November 6. Barclays Capital has a “Equal Weight” rating and a GBX 3713.50 price target on shares. Finally, Credit Suisse maintained the stock with “Neutral” rating in a report issued on a November 30.
The stock closed the day at GBX 3602 during the previous session. It is down 31.60% since May 8, 2015 and is uptrending. It has outperformed by 32.68% the S&P500.
The Berkeley Group Holdings plc is a United Kingdom company, which manufactures new homes, neighborhoods and communities. The company has a market cap of 4.92 billion GBP. The Firm is engaged in residential-led, mixed-use property development, consisting of residential revenue, revenue from land sales and commercial revenue. It has 13.46 P/E ratio. Along with its development activities, it holds certain residential properties for investment purposes.