The Berkeley Group (LON:BKG) Hits New 52-Week Low – Here’s What Happened

The Berkeley Group Holdings plc (LON:BKG) shares reached a new 52-week low on Monday . The company traded as low as GBX 3,820 ($47.65) and last traded at GBX 3,860 ($48.15), with a volume of 932461 shares. The stock had previously closed at GBX 3,852 ($48.05).

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. lowered their target price on shares of The Berkeley Group from GBX 5,000 ($62.38) to GBX 4,700 ($58.63) and set a “neutral” rating for the company in a report on Thursday, December 5th.

The Berkeley Group Trading Down 1.9 %

The stock has a market capitalization of £3.79 billion, a price-to-earnings ratio of 964.68, 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 business has a 50 day simple moving average of GBX 4,186.95 and a 200-day simple moving average of GBX 4,656.16.

Insider Activity

In other The Berkeley Group news, insider William Jackson acquired 11,054 shares of the business’s stock in a transaction dated Thursday, October 31st. The shares were acquired at an average price of GBX 4,370 ($54.52) per share, with a total value of £483,059.80 ($602,619.51). Corporate insiders own 4.84% of the company’s stock.

The Berkeley Group Company Profile

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.