The Berkeley Group (LON:BKG) Reaches New 1-Year Low – Time to Sell?

The Berkeley Group Holdings plc (LON:BKG)’s stock price hit a new 52-week low on Monday . The stock traded as low as GBX 3,554 ($43.39) and last traded at GBX 3,566 ($43.54), with a volume of 222646 shares changing hands. The stock had previously closed at GBX 3,574 ($43.63).

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. decreased their target price on shares of The Berkeley Group from GBX 5,000 ($61.04) to GBX 4,700 ($57.38) and set a “neutral” rating for the company in a research report on Thursday, December 5th.

The Berkeley Group Stock Down 0.2 %

The company has a market cap of £3.64 billion, a price-to-earnings ratio of 926.23, a price-to-earnings-growth ratio of -0.87 and a beta of 1.22. The stock has a 50-day simple moving average of GBX 4,108.10 and a 200-day simple moving average of GBX 4,615.46. The company has a current ratio of 3.39, a quick ratio of 0.57 and a debt-to-equity ratio of 18.66.

Insider Buying and Selling

In related news, insider William Jackson bought 11,054 shares of the stock in a transaction on Thursday, October 31st. The shares were purchased at an average price of GBX 4,370 ($53.35) per share, with a total value of £483,059.80 ($589,744.60). Corporate insiders own 4.84% of the company’s stock.

About The Berkeley Group

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.