Berkeley Group Holdings (The) (BKG)

Sector:

Household Goods

Index:

FTSE 100

4,758.00p
   
  • Change Today:
    -4.00p
  • 52 Week High: 4,940.00
  • 52 Week Low: 3,773.00
  • Currency: UK Pounds
  • Shares Issued: 106.10m
  • Volume: 157,779
  • Market Cap: £5,048m
  • RiskGrade: 234

UBS downgrades Crest Nicholson, Persimmon

By Michele Maatouk

Date: Thursday 18 Mar 2021

LONDON (ShareCast) - (Sharecast News) - UBS downgraded its stance on shares of Persimmon and Crest Nicholson on Thursday as it took a look at the UK housebuilding sector.
The bank cut Persimmon to 'neutral' from 'buy' and Crest Nicholson to 'sell' from 'neutral', reducing the target prices to 2,915p from 3,070p and to 315p from 320p, respectively.

For Persimmon, it said the risk/reward is now more balanced after the stock delivered a more than 20% total shareholder return since the start of 2020. "Shares trade at a considerable premium on P/TNAV of 2.75x (sector 1.6x) which reflects substantially higher returns," it said.

"While we like Persimmon's attractive margin and return profile, we think the shares no longer prices in a material erosion of this and therefore we think the stock fairly reflects these superior returns."

Meanwhile, UBS said Crest Nicholson looks expensive, in particular relative to other mid-caps, and "seems to more than price in a margin recovery towards the peer average despite execution risk".

UBS said it remains positive on the sector overall and continues to think there is upside, although it is more limited at around 15% on average after the recent rally. The bank's top picks are Berkeley Group, Redrow and Taylor Wimpey. UBS also has 'buy' ratings on Vistry Group, Barratt Developments and Bellway.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

BKG Market Data

Currency UK Pounds
Share Price 4,758.00p
Change Today -4.00p
% Change -0.08 %
52 Week High 4,940.00
52 Week Low 3,773.00
Volume 157,779
Shares Issued 106.10m
Market Cap £5,048m
RiskGrade 234

BKG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
57.82% below the market average57.82% below the market average57.82% below the market average57.82% below the market average57.82% below the market average
66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average
Price Trend
76.34% above the market average76.34% above the market average76.34% above the market average76.34% above the market average76.34% above the market average
30.77% above the sector average30.77% above the sector average30.77% above the sector average30.77% above the sector average30.77% above the sector average
Income
18.18% above the market average18.18% above the market average18.18% above the market average18.18% above the market average18.18% above the market average
26.32% below the sector average26.32% below the sector average26.32% below the sector average26.32% below the sector average26.32% below the sector average
Growth
37.87% below the market average37.87% below the market average37.87% below the market average37.87% below the market average37.87% below the market average
15.38% below the sector average15.38% below the sector average15.38% below the sector average15.38% below the sector average15.38% below the sector average

What The Brokers Say

Strong Buy 2
Buy 2
Neutral 6
Sell 4
Strong Sell 0
Total 14
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

BKG Dividends

  Latest Previous
  Interim Final
Ex-Div 07-Mar-24 17-Aug-23
Paid 28-Mar-24 08-Sep-23
Amount 33.00p 59.30p

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 124,637 @ 4,758.00p
16:35 43 @ 4,758.00p
16:35 385 @ 4,758.00p
16:35 162 @ 4,758.00p
16:35 459 @ 4,758.00p

BKG Key Personnel

CEO Robert C G Perrins
Finance Director Richard Stearn

Top of Page