The Berkeley Group shows relatively strong fundamentals and is coming back to attractive prices.
From a fundamental viewpoint, the company has a value in line with the industry as its enterprise value ratios show.
Nonetheless, recently, EPS estimates for the two coming years have been revised upward by analysts. This positive fact opens the way for a better valuation of the security by investors.
The security follows a downward trend in the short term, under the GBp 2207 resistance area.
The trend is bearish also in the mid-term, under GBp 2207. However, the selling pressure could soon run out of steam. Indeed, whereas the stock shows an oversold condition, the GBp 2015 support area currently tested might stop the bearish trend in the short term.
To benefit from the potential technical rebound of The Berkeley Group, it seems opportune to take a long position at the current price. A confirmation of this pattern would enable the security to reach the GBp 2207 resistance. Investors should not insist under GBp 2015 and are better off placing a stop loss order under this threshold.
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The Berkeley Group Holdings plc is a United Kingdom-based company engaged in building homes and neighborhoods across London, Birmingham, and the South of England. The Company and its subsidiaries are engaged in residential-led, mixed-use property development. The Company specializes in brownfield regeneration, reviving underused land to create sustainable and nature-rich places. The Company's portfolio of developments includes Sunningdale Park, Sunninghill Square, Bankside Gardens, Berkeley Place, Abbey Barn Park, Hareshill Crookham Village, Hartland Village, Knights Quarter, Hertford Locks, The Arches, The Eight Gardens, Farmstead at Tannersbrook, Hildenborough, Holborough Lakes, Foal Hurst Green, Hollyfields, Grand Union, Prince Of Wales Drive, Camden Goods Yard, South Quay Plaza, Chelsea Creek, Beaufort Park, Filmworks Ealing, Woodberry Down, Fulham Reach and others. The Companyâs brands include Berkeley, St Edward, St George, St James, St Joseph, and St William.
THE BERKELEY GROUP HOLDINGS PLC 
