JPMorgan Chase & Co. Has Lowered Expectations for The Berkeley Group (LON:BKG) Stock Price

The Berkeley Group (LON:BKG) had its price target dropped by stock analysts at JPMorgan Chase & Co. from GBX 5,000 ($63.74) to GBX 4,700 ($59.92) in a note issued to investors on Thursday, MarketBeat.com reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 14.13% from the stock’s current price.

The Berkeley Group Price Performance

Shares of LON BKG opened at GBX 4,118 ($52.50) on Thursday. 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 Berkeley Group has a twelve month low of GBX 4,048 ($51.61) and a twelve month high of GBX 5,588.54 ($71.25). The stock has a 50 day moving average of GBX 4,518.86 and a two-hundred day moving average of GBX 4,844.42. The stock has a market cap of £4.21 billion, a P/E ratio of 1,069.61, a P/E/G ratio of -0.87 and a beta of 1.22.

Insider Activity

In other The Berkeley Group news, insider William Jackson acquired 11,054 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The shares were purchased at an average price of GBX 4,370 ($55.71) per share, with a total value of £483,059.80 ($615,833.50). Also, insider Richard Stearn sold 3,105 shares of the company’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of GBX 4,720 ($60.17), for a total value of £146,556 ($186,838.35). Corporate insiders own 4.84% of the company’s stock.

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.