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Berkeley Group stock rating upgraded by Jefferies on London housing policy changes

Published 03/12/2025, 07:16
Berkeley Group stock rating upgraded by Jefferies on London housing policy changes
BKGH
0.87%
BKGFY
0.92%

Investing.com - Jefferies upgraded Berkeley Group Holdings Plc. (LON:BKG) (OTC:BKGFF) from Hold to Buy and raised its price target to GBP50.37 from GBP41.09.

The upgrade comes as Jefferies anticipates significant upside potential in profitability for Berkeley Group due to impending changes in London housing policy.

According to Jefferies, adding capital to Berkeley’s maturing Build-to-Rent (BTR) portfolio should enable a near-term increase in shareholder returns.

The investment firm projects that a full exit from the BTR platform and return of "flexible capital" could drive total returns of up to 85% of market capitalization on a five-year basis.

Jefferies views a potential adjustment to fiscal year 2027/2028 consensus at Berkeley’s first-half 2026 results in December as a "clearing event" for the stock.

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