Jason Honeyman Purchases 5,839 Shares of Bellway (LON:BWY) Stock

Bellway p.l.c. (LON:BWY) insider Jason Honeyman acquired 5,839 shares of Bellway stock in a transaction on Monday, November 3rd. The stock was purchased at an average cost of GBX 2,636 per share, with a total value of £153,916.04.

Bellway Stock Up 1.2%

Bellway stock traded up GBX 32 during mid-day trading on Tuesday, reaching GBX 2,654. The stock had a trading volume of 280,771 shares, compared to its average volume of 906,329. The company has a debt-to-equity ratio of 3.75, a quick ratio of 0.50 and a current ratio of 5.26. Bellway p.l.c. has a fifty-two week low of GBX 2,134 and a fifty-two week high of GBX 2,998. The stock’s 50-day simple moving average is GBX 2,455.76 and its 200-day simple moving average is GBX 2,580.53. The firm has a market capitalization of £3.15 billion, a PE ratio of 21.59, a price-to-earnings-growth ratio of 3.40 and a beta of 1.46.

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

Bellway announced that its Board of Directors has approved a share buyback program on Tuesday, October 14th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

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

About Bellway

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.