When Berkelely's Tony Pidgley acts, history shows that markets should listen, analysts said after the housebuilder's chairman warned again that profits have peaked.
Berkeley Group said it expected profit to fall by 30% in its current financial year as the benefits of buying land at low prices fade for the London-focused housebuilder.
Brexit is looming large on investors' radar again ahead of Wednesday's Commons vote on Parliament's right to a 'meaningful vote' on a no-deal Brexit.
Investors will have their work cut out for them over the coming week, with both the Bank of England and the Federal Reserve set to meet to decide on interest rates.
Greencore Group plc: Berenberg reiterates buy with a target price of 225p.
Berkeley Group reported a resilient level of house sales in the past four months and while it was confident enough about the "compelling" fundamentals of the London and South East housing market to maintain profit and dividend guidance, had a fairly aggressive message for the government.
The government is looking to crack down on property developers, including greater use of compulsory purchase powers and potentially removing planning permission if land is not developed in time.
Vectura Group: RBC upgrades to Sector Perform with a target price of 450p.
Jefferies downgraded Berkeley Group to 'hold' from 'buy' on valuation grounds, but lifted the price target to 4,214p from 3,958p.
A person closely associated with The Berkeley Group's Sean Ellis cashed in on a large batch of shares of the luxury homebuilder at the start of the week.
Analysts at Canaccord Genuity stuck to their 'hold' recommendation on shares of homebuilder Berkeley Group, but revised their target price sharply higher given the outfit's multiple strong points.
Berkeley Group built more houses than expected in the first half of the year, generated piles of extra cash and upped its profits guidance for the coming few years.
Thomas Cook: Berenberg downgrades to Sell with a target price of 100p.
Kingfisher: Goldman Sachs upgrades to Buy with a target price of 375p.
Expectations over the outlook for housebuilders "have run ahead of themselves", said Barclays as it downgraded its ratings for Persimmon, Berkeley Group, Redrow, Bellway and Taylor Wimpey.
Berkeley Group: Canaccord downgrades to Hold with a target price of 3860p.
Housebuilders were under the cosh on Tuesday, weighed down by a series of share placings in the sector, a downbeat note from Bank of America Merrill Lynch and a report suggesting that smaller housebuilders are having difficulty accessing finance.
British Land: Deutsche Bank upgrades to Buy with a target price of 660p.
Ahead of its annual shareholders meeting, Berkeley Group said trading conditions over the first four months of the new financial year had been in-line with management's expectations, but added that uncertainty around Brexit, stamp duty and mortgage interest deductibility continued to negatively impact the London market.
Provident Financial and Royal Mail look likely to be knocked out of the FTSE 100 index in the next quarterly reshuffle, with Babcock International potentially joining them.