The Berkeley Group’s shares have fallen below their 200-day moving average

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The Berkeley Group ($LSE:BKG) is a leading British housebuilder with operations in the south east of England. The Berkeley Group‘s share price has fallen below its two hundred day moving average of $3,859.70. The shares have been under pressure in recent months as the UK housing market has slowed. The company is facing headwinds from the slowing housing market and Brexit uncertainty.

However, Berkeley remains a well-capitalised business with a strong balance sheet. The shares may be attractive to long-term investors who are willing to take on some risk.

Price History

So far, news coverage of the company has been mostly positive. On Thursday, the company’s stock opened at £33.3 and closed at £33.6, down by 0.5% from the prior closing price of £33.7.

VI Analysis

Berkeley Group is a construction and property development company headquartered in the United Kingdom. The company’s fundamentals reflect its long-term potential, and its VI Risk Rating is a medium risk investment in terms of financial and business aspects. However, the VI App has detected 3 risk warnings in income sheet, balance sheet, and cash flow statement.

VI Peers

The competition between Berkeley Group Holdings (The) PLC and its competitors is fierce. Each company is vying for market share in the highly competitive real estate market. Cyrela Brazil Realty SA Empreend e Part, Claridge Invest, and Taylor Wimpey PLC are all major players in the real estate market and are all competing for market share.

– Cyrela Brazil Realty SA Empreend e Part ($OTCPK:CYRBY)

Cyrela Brazil Realty SA Empreend e Part is a real estate company that was founded in 1966 and is headquartered in Sao Paulo, Brazil. The company is engaged in the development, acquisition, and management of real estate projects, as well as the provision of real estate services. As of 2022, Cyrela Brazil Realty SA Empreend e Part has a market cap of 1.28B and a Return on Equity of 11.79%. The company’s primary focus is on the residential real estate market in Brazil, but it also has a presence in the commercial, industrial, and land development sectors.

– Claridge Invest ($LTS:0NGE)

Wimpey PLC is a homebuilding company headquartered in the United Kingdom. The company has a market cap of 3.17B as of 2022 and a Return on Equity of 10.94%. Wimpey PLC is engaged in the design, construction, and sale of residential properties in the United Kingdom. The company was founded in 1880 and is headquartered in London, the United Kingdom.

Summary

The Berkeley Group is a British housebuilding company. Some investors may view the recent dip in the share price as an opportunity to buy into a well-established company with a strong track record. Others may be concerned about the potential impact of Brexit on the UK housing market and may prefer to wait and see how the situation develops before investing.