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Berkeley Group Reduces Share Count with Recent Buyback

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Berkeley Group Reduces Share Count with Recent Buyback

Elevate Your Investing Strategy:

The Berkeley Group Holdings ( (GB:BKG) ) has shared an update.

The Berkeley Group Holdings plc announced the purchase and cancellation of 64,258 of its ordinary shares, executed through Barclays Bank plc. This transaction, conducted under shareholder authority from the 2024 AGM, reduces the company’s share count to 97,904,958, impacting shareholder calculations under the FCA’s rules.

The most recent analyst rating on (GB:BKG) stock is a Hold with a £5115.18 price target. To see the full list of analyst forecasts on The Berkeley Group Holdings stock, see the GB:BKG Stock Forecast page.

Spark’s Take on GB:BKG Stock

According to Spark, TipRanks’ AI Analyst, GB:BKG is a Outperform.

The overall score reflects strong valuation and financial stability, offset by neutral technical indicators. The absence of earnings call data limits insights into recent performance momentum.

To see Spark’s full report on GB:BKG stock, click here.

More about The Berkeley Group Holdings

The Berkeley Group Holdings plc is a prominent player in the real estate industry, primarily focusing on residential property development. The company is known for its high-quality homes and urban regeneration projects, catering to a market that values premium living spaces.

Average Trading Volume: 469,799

Technical Sentiment Signal: Sell

Current Market Cap: £3.54B

Learn more about BKG stock on TipRanks’ Stock Analysis page.

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