Bellway plc (LON:BWY) insider Edward (Ted) Ayres sold 18,768 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of GBX 3,429 ($45.10), for a total value of £643,554.72 ($846,448.40).
Bellway plc (LON BWY) opened at GBX 3,450 ($45.38) on Friday. Bellway plc has a 52 week low of GBX 2,347 ($30.87) and a 52 week high of GBX 3,805 ($50.05).
The firm also recently announced a dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Thursday, November 30th will be paid a GBX 84.50 ($1.11) dividend. This represents a yield of 2.37%. This is a boost from Bellway plc’s previous dividend of $37.50. The ex-dividend date of this dividend is Thursday, November 30th.
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A number of research analysts recently weighed in on the company. Barclays PLC downgraded Bellway plc to an “equal weight” rating and raised their price objective for the company from GBX 3,631 ($47.76) to GBX 3,779 ($49.70) in a research note on Monday, October 30th. Credit Suisse Group restated an “outperform” rating and set a GBX 4,168 ($54.82) target price on shares of Bellway plc in a research report on Thursday, October 26th. Deutsche Bank AG boosted their target price on Bellway plc from GBX 3,090 ($40.64) to GBX 3,517 ($46.26) and gave the stock a “hold” rating in a research report on Wednesday, October 18th. Canaccord Genuity reiterated a “buy” rating and issued a GBX 3,280 ($43.14) price objective on shares of Bellway plc in a report on Tuesday, October 17th. Finally, Shore Capital reiterated a “hold” rating on shares of Bellway plc in a report on Tuesday, October 17th. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of GBX 3,478.25 ($45.75).
Bellway plc Company Profile
Bellway p.l.c is a holding company of the Bellway Group of companies. The Company is engaged in the building and selling of homes, ranging from one-bedroom apartments up to five-bedroom family homes, as well as providing social housing-to-housing associations. It focuses on providing traditional family housing outside of London and apartments within the London boroughs, in zone 2 and beyond.
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