The Berkeley Group (LON:BKG) Hits New 12-Month Low – Here’s What Happened

The Berkeley Group Holdings plc (LON:BKG) shares hit a new 52-week low during trading on Wednesday . The company traded as low as GBX 4,088 ($51.80) and last traded at GBX 4,102 ($51.98), with a volume of 260956 shares changing hands. The stock had previously closed at GBX 4,112 ($52.10).

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 5,000 ($63.36) price objective on shares of The Berkeley Group in a research report on Wednesday, October 23rd.

The Berkeley Group Stock Up 0.5 %

The company has a debt-to-equity ratio of 18.66, a quick ratio of 0.57 and a current ratio of 3.39. The stock’s fifty day simple moving average is GBX 4,550.52 and its two-hundred day simple moving average is GBX 4,858.49. The stock has a market capitalization of £4.22 billion, a P/E ratio of 1,068.05, a price-to-earnings-growth ratio of -0.87 and a beta of 1.22.

Insider Buying and Selling

In other news, insider William Jackson acquired 11,054 shares of The Berkeley Group stock in a transaction dated Thursday, October 31st. The shares were bought at an average cost of GBX 4,370 ($55.37) per share, with a total value of £483,059.80 ($612,087.94). Also, 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 ($59.81), for a total transaction of £146,556 ($185,701.98). 4.84% of the stock is currently owned by insiders.

The Berkeley Group Company Profile

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.