The Berkeley Group (LON:BKG) Sets New 12-Month Low – What’s Next?

The Berkeley Group Holdings plc (LON:BKG)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 4,236 ($54.51) and last traded at GBX 4,236 ($54.51), with a volume of 1464132 shares traded. The stock had previously closed at GBX 4,282 ($55.10).

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. restated a “neutral” rating and issued a GBX 5,000 ($64.34) price target on shares of The Berkeley Group in a research note on Wednesday, October 23rd.

The Berkeley Group Stock Performance

The company has a quick ratio of 0.57, a current ratio of 3.39 and a debt-to-equity ratio of 18.66. The company has a 50 day simple moving average of GBX 4,785.57 and a 200-day simple moving average of GBX 4,912.91. The stock has a market capitalization of £4.36 billion, a price-to-earnings ratio of 1,105.45, a price-to-earnings-growth ratio of -0.87 and a beta of 1.22.

Insiders Place Their Bets

In other The Berkeley Group news, insider Robert C. G. Perrins sold 200,000 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of GBX 5,248 ($67.53), for a total value of £10,496,000 ($13,506,627.20). In other news, insider Robert C. G. Perrins sold 200,000 shares of the stock in a transaction on Friday, August 16th. The shares were sold at an average price of GBX 5,248 ($67.53), for a total value of £10,496,000 ($13,506,627.20). Also, insider Richard Stearn sold 3,105 shares of the company’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of GBX 4,720 ($60.74), for a total transaction of £146,556 ($188,593.49). 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.