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Are analysts upbeat on the outlook for Berkeley Group?

Wed 8:10am by Ben Hobson

While the world continues to wrestle with the consequences of the Covid-19 pandemic, investors are naturally wondering what lies in store for some of the country's largest quoted companies, such as Berkeley Group (LON:BKG). 

Berkeley Group is an important stock because it's one of just 200 shares in the UK market valued at more than £1.0 billion (its market cap is £5,700m). 

Large-caps like this play an influential role in the performance of investment funds and pension portfolios held by millions of savers. For that reason, they are also closely watched by professional analysts, who usually understand their businesses better than most.

So how have the shares performed over the past year?

On a 12 month basis, the Berkeley Group share price has seen an absolute move of 9.25%. On a relative basis - which take into account the movement of the wider market - the shares have moved by 30.7% over the past year and by 16.3% over the past six months.

But what now?

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Do analysts rate it as a buy, sell or hold?

Regardless of recent performance, the main question is what the future holds. In uncertain economic conditions, it's often difficult to get an accurate view. The good news is that analysts generally have a solid understanding of the market's biggest businesses, so they are well-placed to make predictions. That shows up in their Buy, Hold and Sell recommendations.

Among the analysts covering Berkeley Group, there are currently:

  • 3 Buy recommendations
  • 6 Hold recommendations
  • 0 Sell recommendations

With this kind of information, it's possible to start forming a view about the outlook for any share. A combination of recent price performance and analyst recommendations gives you a flavour of whether the market is expecting a bright future - or whether there are causes for concern.

It's also worth looking at the profile of the stock to understand whether it has strong positive exposure to important factors like Quality, Value and Momentum. On that basis, Stockopedia currently classifies Berkeley Group as a super stock. You can read more about what that means here.

What does this mean for potential investors?

Berkeley Group is one of the most closely watched shares in the market. But while price trends and broker recommendations can give you an idea about the sentiment around a stock, they can't tell you everything. 

To get a better understanding of the overall investment case, it's worth doing some investigation yourself. Indeed, we've identified some areas of concern with Berkeley Group that you can find out about here.

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