Berkeley Group initiated with a Sell at Goldman Sachs

Goldman Sachs initiated coverage of Berkeley Group (BKGFY) with a Sell rating and 3,714 GBp price target The firm has a constructive view on U.K. Home Builders, as a better operating backdrop supports volume growth, margin expansion, and accelerating EPS, none of which seem fully reflected in valuations, the analyst tells investors in a research note. Despite some budget-related uncertainty, the event could reset sentiment and refocus attention on improving housing indicators and falling mortgage rates into 2026, which should aid affordability, Goldman says.