Berkeley Group Holdings PLC (LON:BKG) had its target price increased by HSBC Holdings plc from GBX 3,481 ($45.46) to GBX 3,789 ($49.48) in a research report released on Wednesday morning, Marketbeat.com reports. The brokerage currently has a buy rating on the stock.
Several other equities analysts have also recently issued reports on BKG. Canaccord Genuity boosted their target price on shares of Berkeley Group Holdings PLC from GBX 3,170 ($41.39) to GBX 3,530 ($46.10) and gave the company a buy rating in a research note on Tuesday, March 21st. Morgan Stanley initiated coverage on shares of Berkeley Group Holdings PLC in a research note on Tuesday, March 21st. They issued an overweight rating and a GBX 3,150 ($41.13) target price for the company. Deutsche Bank AG reiterated a buy rating and issued a GBX 3,571 ($46.63) target price on shares of Berkeley Group Holdings PLC in a research note on Tuesday, March 28th. Liberum Capital cut shares of Berkeley Group Holdings PLC to a hold rating and boosted their target price for the company from GBX 3,150 ($41.13) to GBX 3,169 ($41.38) in a research note on Tuesday, April 4th. Finally, J P Morgan Chase & Co boosted their target price on shares of Berkeley Group Holdings PLC from GBX 3,400 ($44.40) to GBX 3,600 ($47.01) and gave the company an overweight rating in a research note on Thursday, April 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of GBX 3,530.08 ($46.10).
Shares of Berkeley Group Holdings PLC (LON BKG) opened at 3417.00 on Wednesday. The stock has a 50 day moving average of GBX 3,259.47 and a 200-day moving average of GBX 3,120.19. Berkeley Group Holdings PLC has a 52 week low of GBX 2,286.00 and a 52 week high of GBX 3,459.00. The stock’s market capitalization is GBX 4.72 billion.
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Berkeley Group Holdings PLC Company Profile
The Berkeley Group Holdings plc is a holding company. The Company, along with its subsidiaries, is engaged in residential-led, mixed-use property development. Its segments include Residential-led mixed-use development and Other activities. Its brands include Berkeley, which creates medium to large-scale developments in towns, cities and the countryside, encompassing executive homes, mixed use schemes, riverside apartments, refurbished historic buildings and urban loft spaces; St George, which is involved in mixed use sustainable regeneration in London; St James, which handles projects that embrace private residential development, commercial property, recreational and community facilities; St Edward, which offers residentially led developments, and St William.
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