Berkeley Group Holdings (The) (BKG)

Sector:

Household Goods

Index:

FTSE 100

4,210.00p
   
  • Change Today:
      35.00p
  • 52 Week High: 4,457.00
  • 52 Week Low: 3,165.00
  • Currency: UK Pounds
  • Shares Issued: 108.44m
  • Volume: 371,527
  • Market Cap: £4,565.13m
  • RiskGrade: 234

Jefferies slashes targets for UK housebuilders to reflect downturn scenarios

By Alexander Bueso

Date: Tuesday 25 Oct 2022

LONDON (ShareCast) - (Sharecast News) - Analysts at Jefferies took an axe to their target prices for several of the UK's largest homebuilders, telling clients that bottom fishing in the sector might prove premature as industry data had yet to reveal the full extent of the recent financial and political turmoil.
Nonetheless, tough valuations should gain "credibility" as forecasts move to reflect downturn scenarios.

In turn, they said, that should leave significant upside to any evidence of more resilient housing demand and/or prices, quicker adaptation of build costs or discipline on cash and continued capital returns.

The speed, scale and duration of the downturn would remain hard to quantify for a number of months, they explained, penciling in a 25% drop in private volumes for 2023, alongside a 10% drop in home pricing and cost inflation of approximately 8-10%.

The analysts lowered their target price for shares of Berkeley Group from 4,539.0p to 4,330.0p, for Vistry Group from 1,046.0p to 744.0p, for Persimmon from 1,902.0p to 1,4850p, for Crest Nicholson from 307.0p to 229.0p and for Countryside Properties from 239.0p to 202.0p.

Their recommendation for all of the above homebuilders was kept at buy and that for the latter at hold.

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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 4,210.00p
Change Today 35.00p
% Change 0.84 %
52 Week High 4,457.00
52 Week Low 3,165.00
Volume 371,527
Shares Issued 108.44m
Market Cap £4,565.13m
RiskGrade 234

BKG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
34% below the market average34% below the market average34% below the market average34% below the market average34% below the market average
69.23% below the sector average69.23% below the sector average69.23% below the sector average69.23% below the sector average69.23% below the sector average
Price Trend
14.53% above the market average14.53% above the market average14.53% above the market average14.53% above the market average14.53% above the market average
40.74% above the sector average40.74% above the sector average40.74% above the sector average40.74% above the sector average40.74% above the sector average
Income
36.48% above the market average36.48% above the market average36.48% above the market average36.48% above the market average36.48% above the market average
9.09% above the sector average9.09% above the sector average9.09% above the sector average9.09% above the sector average9.09% above the sector average
Growth
73.71% below the market average73.71% below the market average73.71% below the market average73.71% below the market average73.71% below the market average
61.54% below the sector average61.54% below the sector average61.54% below the sector average61.54% below the sector average61.54% below the sector average

What The Brokers Say

Strong Buy 5
Buy 5
Neutral 4
Sell 2
Strong Sell 0
Total 16
buy
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 2nd Interim
Ex-Div 18-Aug-22 04-Mar-21
Paid 09-Sep-22 19-Mar-21
Amount 21.25p 9.13p

Trades for 26-Jan-2023

Time Volume / Share Price
16:45 242 @ 4,198.00p
16:45 242 @ 4,198.00p
16:35 141,026 @ 4,210.00p
16:35 108 @ 4,210.00p
16:35 500 @ 4,210.00p

BKG Key Personnel

CEO Robert C G Perrins
Finance Director Richard Stearn

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