The Berkeley Group (LON:BKG) Reaches New 1-Year Low – Should You Sell?

The Berkeley Group Holdings plc (LON:BKG) hit a new 52-week low on Thursday . The company traded as low as GBX 4,176 ($52.94) and last traded at GBX 4,176 ($52.94), with a volume of 563180 shares. The stock had previously closed at GBX 4,282 ($54.28).

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 5,000 ($63.39) price target on shares of The Berkeley Group in a research report on Wednesday, October 23rd.

The Berkeley Group Price Performance

The business’s fifty day moving average is GBX 4,610.40 and its 200-day moving average is GBX 4,880.17. The company has a debt-to-equity ratio of 18.66, a current ratio of 3.39 and a quick ratio of 0.57. The firm has a market cap of £4.27 billion, a PE ratio of 1,112.21, a P/E/G ratio of -0.87 and a beta of 1.22.

Insider Buying and Selling at The Berkeley Group

In other news, insider William Jackson purchased 11,054 shares of the business’s stock in a transaction on Thursday, October 31st. The stock was purchased at an average cost of GBX 4,370 ($55.40) per share, with a total value of £483,059.80 ($612,398.33). Also, insider Richard Stearn sold 3,105 shares of the company’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of GBX 4,720 ($59.84), for a total value of £146,556 ($185,796.15). 4.84% of the stock is owned by corporate 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.