MARKET TALK: Goldman Sachs raises Berkeley Price Target

30th Jun 2010 10:13

0913 GMT [Dow Jones] Goldman Sachs raises Berkeley Group Holdings (BKG.LN) price target to 1084p from 1050p, given the stronger pricing and higher visibility in its order book relative to its house builder peers. Goldman says the FY '10 results are ahead of expectations with pretax profit at GBP110M versus consensus expectations of GBP105M. Goldman now forecasts FY '11 EBIT of GBP118.2M from GBP98.4M previously. It expects FY '11 EPS growth of 7.1% year-on-year. Buy recommendation. Shares -1.8% at 755p.([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires June 30, 2010 05:13 ET (09:13 GMT)