Berkeley Group Holdings PLC (BKG) Given New GBX 3,175 Price Target at Barclays PLC

Berkeley Group Holdings PLC (LON:BKG) had its price target increased by analysts at Barclays PLC from GBX 2,790 ($34.75) to GBX 3,175 ($39.55) in a note issued to investors on Monday. The firm currently has an “equal weight” rating on the stock. Barclays PLC’s price target would suggest a potential upside of 8.03% from the company’s previous close.

Several other equities research analysts also recently commented on the stock. J P Morgan Chase & Co reiterated an “overweight” rating on shares of Berkeley Group Holdings PLC in a research report on Monday, December 5th. Peel Hunt cut their target price on shares of Berkeley Group Holdings PLC from GBX 4,580 ($57.05) to GBX 4,370 ($54.43) and set a “buy” rating on the stock in a research report on Monday, January 9th. Deutsche Bank AG reiterated a “buy” rating and set a GBX 3,559 ($44.33) target price (down from GBX 3,876 ($48.28)) on shares of Berkeley Group Holdings PLC in a research report on Wednesday, January 4th. Canaccord Genuity lifted their target price on shares of Berkeley Group Holdings PLC from GBX 2,750 ($34.26) to GBX 3,170 ($39.49) and gave the stock a ” buy” rating in a research report on Monday, December 5th. Finally, Beaufort Securities reiterated a “buy” rating on shares of Berkeley Group Holdings PLC in a research report on Monday, December 5th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the stock. Berkeley Group Holdings PLC currently has an average rating of “Buy” and a consensus target price of GBX 3,232.18 ($40.26).

Analyst Recommendations for Berkeley Group Holdings PLC (LON:BKG)

Berkeley Group Holdings PLC (LON:BKG) opened at 2939.00 on Monday. The stock’s 50 day moving average is GBX 2,855.86 and its 200 day moving average is GBX 2,643.81. The company’s market cap is GBX 4.04 billion. Berkeley Group Holdings PLC has a 12-month low of GBX 2,015.00 and a 12-month high of GBX 3,425.00.

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Berkeley Group Holdings PLC Company Profile

The Berkeley Group Holdings plc is a holding company. The Company, along with its subsidiaries, is engaged in residential-led, mixed-use property development. Its segments include Residential-led mixed-use development and Other activities. Its brands include Berkeley, which creates medium to large-scale developments in towns, cities and the countryside, encompassing executive homes, mixed use schemes, riverside apartments, refurbished historic buildings and urban loft spaces; St George, which is involved in mixed use sustainable regeneration in London; St James, which handles projects that embrace private residential development, commercial property, recreational and community facilities; St Edward, which offers residentially led developments, and St William.

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