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

The Berkeley Group Holdings plc (LON:BKG)’s share price reached a new 52-week low during trading on Thursday . The company traded as low as GBX 4,176 ($53.19) and last traded at GBX 4,176 ($53.19), with a volume of 563180 shares traded. The stock had previously closed at GBX 4,282 ($54.54).

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 5,000 ($63.69) price objective on shares of The Berkeley Group in a research note on Wednesday, October 23rd.

The Berkeley Group Stock Down 1.6 %

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 stock has a market capitalization of £4.23 billion, a P/E ratio of 1,076.36, a P/E/G ratio of -0.87 and a beta of 1.22. The firm has a 50-day simple moving average of GBX 4,581.19 and a 200 day simple moving average of GBX 4,869.77.

Insider Buying and Selling at The Berkeley Group

In other The Berkeley Group news, insider Richard Stearn sold 3,105 shares of the stock in a transaction dated Monday, September 30th. The stock was sold at an average price of GBX 4,720 ($60.12), for a total value of £146,556 ($186,671.76). Also, insider William Jackson acquired 11,054 shares of the stock in a transaction dated Thursday, October 31st. The shares were bought at an average price of GBX 4,370 ($55.66) per share, with a total value of £483,059.80 ($615,284.42). 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.