The Berkeley Group (LON:BKG) Share Price Passes Below Two Hundred Day Moving Average – Should You Sell?

The Berkeley Group Holdings plc (LON:BKG) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 4,729.63 ($59.51) and traded as low as GBX 3,866 ($48.65). The Berkeley Group shares last traded at GBX 3,877.98 ($48.80), with a volume of 176,965 shares changing hands.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. dropped their price objective on shares of The Berkeley Group from GBX 5,000 ($62.92) to GBX 4,700 ($59.14) and set a “neutral” rating for the company in a research note on Thursday, December 5th.

The Berkeley Group Stock Down 0.5 %

The stock has a 50 day moving average price of GBX 4,297.01 and a 200 day moving average price of GBX 4,720.34. The company has a quick ratio of 0.57, a current ratio of 3.39 and a debt-to-equity ratio of 18.66. The stock has a market capitalization of £3.96 billion, a price-to-earnings ratio of 1,007.27, a price-to-earnings-growth ratio of -0.87 and a beta of 1.22.

Insiders Place Their Bets

In related news, insider William Jackson purchased 11,054 shares of the firm’s stock in a transaction dated Thursday, October 31st. The stock was bought at an average price of GBX 4,370 ($54.99) per share, with a total value of £483,059.80 ($607,851.77). Also, insider Richard Stearn sold 3,105 shares of the firm’s stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of GBX 4,720 ($59.39), for a total transaction of £146,556 ($184,416.76). 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.