Bellway (LON:BWY) Insider Shane Doherty Purchases 2,021 Shares

Bellway p.l.c. (LON:BWY) insider Shane Doherty purchased 2,021 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were purchased at an average price of GBX 636 per share, for a total transaction of £12,853.56.

Bellway Trading Up 1.2%

Shares of BWY stock traded up GBX 32 during trading hours on Tuesday, reaching GBX 2,654. 280,771 shares of the stock traded hands, compared to its average volume of 906,329. Bellway p.l.c. has a 1-year low of GBX 2,134 and a 1-year high of GBX 2,998. The business has a fifty day moving average price of GBX 2,455.76 and a 200 day moving average price of GBX 2,580.53. The company has a quick ratio of 0.50, a current ratio of 5.26 and a debt-to-equity ratio of 3.75. The firm has a market capitalization of £3.15 billion, a PE ratio of 21.59, a PEG ratio of 3.40 and a beta of 1.46.

Bellway (LON:BWY) last released its quarterly earnings results on Tuesday, October 14th. The company reported GBX 176.70 earnings per share (EPS) for the quarter. Bellway had a net margin of 5.48% and a return on equity of 3.78%. On average, equities research analysts forecast that Bellway p.l.c. will post 159.0741715 EPS for the current year.

Bellway declared that its board has authorized a stock buyback plan on Tuesday, October 14th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

Several research analysts have weighed in on BWY shares. Royal Bank Of Canada upped their price objective on shares of Bellway from GBX 3,150 to GBX 3,300 and gave the company a “sector perform” rating in a research note on Wednesday, October 15th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 3,489 target price on shares of Bellway in a research note on Wednesday, October 22nd. Berenberg Bank reiterated a “hold” rating and set a GBX 2,900 target price on shares of Bellway in a research note on Monday, September 8th. Citigroup upped their target price on shares of Bellway from GBX 3,000 to GBX 3,090 and gave the company a “buy” rating in a research note on Wednesday, October 15th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Bellway in a research note on Friday, October 17th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 3,194.75.

Bellway Company Profile

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.