The Berkeley Group (LON:BKG) Hits New 1-Year High – What’s Next?

The Berkeley Group Holdings plc (LON:BKG)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as £366.66 ($475.50) and last traded at GBX 3,666 ($47.54), with a volume of 566439 shares changing hands. The stock had previously closed at GBX 3,628 ($47.05).

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. decreased their price objective on The Berkeley Group from GBX 5,000 ($64.84) to GBX 4,700 ($60.95) and set a “neutral” rating for the company in a report on Thursday, December 5th.

The Berkeley Group Stock Performance

The company has a current ratio of 3.39, a quick ratio of 0.57 and a debt-to-equity ratio of 18.66. The stock’s 50 day moving average price is GBX 3,726.34 and its 200 day moving average price is GBX 4,278.53. The company has a market capitalization of £3.57 billion, a price-to-earnings ratio of 9.53, 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 Michael W. R. Dobson purchased 15,000 shares of the business’s stock in a transaction on Tuesday, January 14th. The stock was purchased at an average price of GBX 3,500 ($45.39) per share, for a total transaction of £525,000 ($680,845.55). Corporate insiders own 4.84% of the company’s stock.

About The Berkeley Group

At Berkeley Group we build homes and neighbourhoods across London, Birmingham and the South of England.

Our passion and purpose is to build quality homes, strengthen communities and make a positive difference to people’s lives. We use our sustained commercial success to make valuable and enduring contributions that benefit all our stakeholders.