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

JPMorgan Chase & Co. restated their neutral rating on shares of The Berkeley Group (LON:BKG) in a report published on Wednesday morning, Marketbeat Ratings reports. JPMorgan Chase & Co. currently has a GBX 5,000 ($64.92) target price on the stock.

The Berkeley Group Trading Down 0.2 %

BKG stock opened at GBX 4,654 ($60.43) on Wednesday. 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 firm has a market cap of £4.75 billion, a P/E ratio of 1,208.83, a P/E/G ratio of -0.87 and a beta of 1.22. The Berkeley Group has a 1-year low of GBX 4,106.25 ($53.31) and a 1-year high of GBX 5,588.54 ($72.56). The business’s 50 day moving average is GBX 4,921.51 and its 200-day moving average is GBX 4,918.21.

Insiders Place Their Bets

In related news, insider Richard Stearn sold 3,105 shares of the stock in a transaction dated Monday, September 30th. The shares were sold at an average price of GBX 4,720 ($61.28), for a total transaction of £146,556 ($190,283.04). In other The Berkeley Group news, insider Robert C. G. Perrins sold 200,000 shares of The Berkeley Group 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). Also, insider Richard Stearn sold 3,105 shares of the business’s 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). Corporate insiders own 4.84% of the company’s stock.

About The Berkeley Group

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.