Berkeley Group Holdings (The) PLC

BKG: XLON (GBR)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	GBX 7,921.00	Wcqcj	Wcnvpxqr

Berkeley Group: Navigating UK Housing Market Malaise With Ease; Shares Fairly Valued

Grant Slade

Mar 15, 2024

We maintain our GBX 4,900 fair value estimate and 2024 financial estimates for Berkeley Group, with the no-moat homebuilder confirming it remains on track to deliver against its 2024 and medium-term financial guidance. With Berkeley Group continuing to navigate challenging housing market conditions largely unscathed, we make no change to our full-year fiscal 2024 pretax profit forecast of GBP 576 million, inclusive of joint-venture profits.

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