Shares of Bellway p.l.c. (LON:BWY - Get Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 2,825.56 ($35.66) and traded as low as GBX 2,462 ($31.07). Bellway shares last traded at GBX 2,476 ($31.25), with a volume of 401,770 shares.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on BWY shares. Berenberg Bank boosted their target price on shares of Bellway from GBX 2,900 ($36.60) to GBX 3,200 ($40.39) and gave the company a "hold" rating in a report on Tuesday, October 15th. Citigroup restated a "buy" rating and set a GBX 3,368 ($42.51) price objective on shares of Bellway in a report on Thursday, August 15th. Finally, JPMorgan Chase & Co. raised Bellway to an "overweight" rating in a research report on Thursday, December 5th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, Bellway presently has an average rating of "Moderate Buy" and a consensus target price of GBX 3,204.20 ($40.44).
Check Out Our Latest Stock Analysis on BWY
Bellway Stock Performance
The firm has a market cap of £2.91 billion, a PE ratio of 1,361.11, a P/E/G ratio of 3.40 and a beta of 1.46. The company has a current ratio of 5.78, a quick ratio of 0.50 and a debt-to-equity ratio of 3.78. The stock's 50 day moving average price is GBX 2,766.58 and its 200 day moving average price is GBX 2,823.58.
Bellway Increases Dividend
The business also recently announced a dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Thursday, November 28th will be paid a GBX 38 ($0.48) dividend. The ex-dividend date is Thursday, November 28th. This represents a dividend yield of 1.15%. This is a positive change from Bellway's previous dividend of $16.00. Bellway's dividend payout ratio (DPR) is 6,166.67%.
Insiders Place Their Bets
In other news, insider Simon Scougall acquired 515 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was purchased at an average cost of GBX 2,528 ($31.91) per share, with a total value of £13,019.20 ($16,432.16). Also, insider Keith Adey sold 27,303 shares of the firm's stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of GBX 3,257 ($41.11), for a total value of £889,258.71 ($1,122,376.26). 3.73% of the stock is owned by company insiders.
About Bellway
(
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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.
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