Bellway p.l.c. (LON:BWY - Get Free Report) insider Simon Scougall acquired 515 shares of the company's stock in a transaction on Tuesday, November 26th. The shares were bought at an average price of GBX 2,528 ($32.05) per share, with a total value of £13,019.20 ($16,505.07).
Bellway Stock Performance
Bellway stock opened at GBX 2,534 ($32.12) on Thursday. The stock has a 50-day simple moving average of GBX 2,929.28 and a 200 day simple moving average of GBX 2,846.60. The stock has a market capitalization of £3.01 billion, a price-to-earnings ratio of 1,410.00, a P/E/G ratio of 3.40 and a beta of 1.46. The company has a quick ratio of 0.50, a current ratio of 5.78 and a debt-to-equity ratio of 3.78. Bellway p.l.c. has a 12-month low of GBX 2,308 ($29.26) and a 12-month high of GBX 3,384 ($42.90).
Bellway Increases Dividend
The business also recently announced a dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Thursday, November 28th will be paid a GBX 38 ($0.48) dividend. The ex-dividend date is Thursday, November 28th. This is an increase from Bellway's previous dividend of $16.00. This represents a dividend yield of 1.15%. Bellway's payout ratio is currently 6,166.67%.
Analysts Set New Price Targets
BWY has been the subject of a number of recent analyst reports. Citigroup reiterated a "buy" rating and set a GBX 3,368 ($42.70) target price on shares of Bellway in a research report on Thursday, August 15th. Berenberg Bank raised their price objective on shares of Bellway from GBX 2,900 ($36.76) to GBX 3,200 ($40.57) and gave the stock a "hold" rating in a report on Tuesday, October 15th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of GBX 3,204.20 ($40.62).
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Bellway Company Profile
(
Get Free Report)
Bellway p.l.c., together with its subsidiaries, engages in the home building business in the United Kingdom. The company builds and sells homes ranging from one-bedroom apartments to six-bedroom family homes, as well as provides homes to housing associations for social housing. It offers homes under Bellway, Ashberry, and Bellway London brands.
Further Reading
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