Land and an entrepreneurial approach to its defined regional market are core strengths within The Berkeley Group. The rating is a “buy” and we see no reason to remove this stock as our favoured investment in the sector.
ROBIN HARDY | PEEL HUNT
[The statement] could mean that consensus is around 15 per cent too low for 2013 and there should be fewer questions marks over the ability to fund the £13 in special dividends. We remain a buyer with a £14 target price.
RACHAEL WAREING | PANMURE GORDON
Berkeley is a quality company, operating with the right product in the right locations. Looking at valuations across the sector at present, the rating appears fair. We reiterate our “hold” recommendation.