The Berkeley Group (LON:BKG) Reaches New 12-Month Low – Here’s Why

The Berkeley Group Holdings plc (LON:BKG)’s stock price hit a new 52-week low during mid-day trading 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 trading hands. The stock had previously closed at GBX 4,282 ($54.28).

Analyst Upgrades and Downgrades

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

The Berkeley Group Price Performance

The firm has a market capitalization of £4.27 billion, a price-to-earnings ratio of 1,112.21, a PEG ratio of -0.87 and a beta of 1.22. The business’s fifty day simple moving average is GBX 4,610.40 and its 200 day simple 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.

Insider Buying and Selling

In other The Berkeley Group news, insider William Jackson purchased 11,054 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The shares were acquired at an average price 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 business’s stock in a transaction that occurred on 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 company 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.