JPMorgan Chase & Co. Has Lowered Expectations for The Berkeley Group (LON:BKG) Stock Price

The Berkeley Group (LON:BKG) had its target price lowered by analysts at JPMorgan Chase & Co. from GBX 5,000 ($63.53) to GBX 4,700 ($59.72) in a research note issued on Thursday,Digital Look reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 14.30% from the company’s current price.

The Berkeley Group Trading Down 0.6 %

Shares of The Berkeley Group stock opened at GBX 4,112 ($52.25) on Thursday. The Berkeley Group has a 1 year low of GBX 4,048 ($51.44) and a 1 year high of GBX 5,588.54 ($71.01). The firm has a market cap of £4.20 billion, a PE ratio of 1,068.05, a PEG ratio of -0.87 and a beta of 1.22. 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 company has a 50 day simple moving average of GBX 4,535.16 and a two-hundred day simple moving average of GBX 4,851.69.

Insider Buying and Selling at The Berkeley Group

In other The Berkeley Group news, insider William Jackson acquired 11,054 shares of the stock in a transaction dated Thursday, October 31st. The stock was purchased at an average cost of GBX 4,370 ($55.53) per share, for a total transaction of £483,059.80 ($613,798.98). 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 ($59.97), for a total transaction of £146,556 ($186,221.09). 4.84% of the stock is currently 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.