Bellway (LON:BWY) Insider Purchases £12,853.56 in Stock

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

Bellway Stock Up 0.5%

Shares of LON BWY opened at GBX 2,644 on Friday. Bellway p.l.c. has a 52-week low of GBX 2,134 and a 52-week high of GBX 2,998. The company has a debt-to-equity ratio of 3.75, a quick ratio of 0.50 and a current ratio of 5.26. The stock has a market cap of £3.13 billion, a P/E ratio of 20.06, a P/E/G ratio of 3.40 and a beta of 1.46. The firm has a 50 day moving average price of GBX 2,470.84 and a 200 day moving average price of GBX 2,582.52.

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 net margin of 5.48% and a return on equity of 3.78%. Analysts expect that Bellway p.l.c. will post 159.0741715 EPS for the current year.

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

Analysts Set New Price Targets

BWY has been the topic of several recent analyst reports. Jefferies Financial Group reiterated a “buy” rating and set a GBX 3,489 target price on shares of Bellway in a report on Wednesday, October 22nd. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Bellway in a research report on Friday, October 17th. Berenberg Bank reiterated a “hold” rating and issued a GBX 2,900 price objective on shares of Bellway in a research report on Monday, September 8th. Citigroup increased their target price on Bellway from GBX 3,000 to GBX 3,090 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. Finally, Royal Bank Of Canada lifted their price target 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. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Bellway has an average rating of “Moderate Buy” and an average price target 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.