The Berkeley Group (LON:BKG) Earns “Neutral” Rating from JPMorgan Chase & Co.

The Berkeley Group (LON:BKG)‘s stock had its “neutral” rating reissued by investment analysts at JPMorgan Chase & Co. in a report issued on Wednesday, Digital Look reports. They currently have a GBX 5,000 ($64.92) price target on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 5.93% from the stock’s current price.

The Berkeley Group Price Performance

Shares of BKG stock traded down GBX 16 ($0.21) during midday trading on Wednesday, reaching GBX 4,720 ($61.28). 207,647 shares of the company were exchanged, compared to its average volume of 365,989. The company’s 50 day moving average price is GBX 4,939.91 and its two-hundred day moving average price is GBX 4,922.15. The company has a market cap of £4.82 billion, a P/E ratio of 1,225.97, a PEG ratio of -0.87 and a beta of 1.22. The Berkeley Group has a 12 month low of GBX 4,106.25 ($53.31) and a 12 month high of GBX 5,588.54 ($72.56). The company has a debt-to-equity ratio of 18.66, a quick ratio of 0.57 and a current ratio of 3.39.

Insider Buying and Selling at The Berkeley Group

In related news, insider Robert C. G. Perrins sold 200,000 shares of The Berkeley Group stock in a transaction dated Friday, August 16th. The stock was sold at an average price of GBX 5,248 ($68.14), for a total transaction of £10,496,000 ($13,627,629.19). In related news, insider Richard Stearn sold 3,105 shares of The Berkeley Group stock in a transaction on Monday, September 30th. The stock was sold at an average price of GBX 4,720 ($61.28), for a total value of £146,556 ($190,283.04). Also, insider Robert C. G. Perrins sold 200,000 shares of the business’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of GBX 5,248 ($68.14), for a total value of £10,496,000 ($13,627,629.19). 4.84% of the stock is currently 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.