Key Points
- Bellway insider Shane Doherty purchased 2,947 shares at an average price of GBX 2,164, representing a total investment of approximately £63,773.
- Bellway shares opened at GBX 2,200, with the company valued at about £2.45 billion. The board has also authorized an open-market share buyback program.
- Analysts maintain a generally positive outlook, with six Buy ratings and three Holds. Bellway has a consensus rating of “Moderate Buy” and an average price target of GBX 2,527.89.
Bellway p.l.c. (LON:BWY - Get Free Report) insider Shane Doherty bought 2,947 shares of the stock in a transaction on Friday, October 23rd. The stock was purchased at an average cost of GBX 2,164 per share, for a total transaction of £63,773.08.
Bellway Stock Up 0.5%
Shares of BWY stock opened at GBX 2,200 on Tuesday. Bellway p.l.c. has a fifty-two week low of GBX 1,715 and a fifty-two week high of GBX 2,890. The stock has a market cap of £2.45 billion, a P/E ratio of 16.72, a P/E/G ratio of 3.40 and a beta of 1.37. The business has a fifty day simple moving average of GBX 2,095.15 and a 200-day simple moving average of GBX 2,152.40.
Bellway (LON:BWY - Get Free Report) last released its quarterly earnings results on Tuesday, October 13th. The company reported GBX 187.80 earnings per share (EPS) for the quarter. Bellway had a return on equity of 5.49% and a net margin of 6.12%. On average, sell-side analysts anticipate that Bellway p.l.c. will post 159.07 earnings per share for the current year.
Bellway announced that its Board of Directors has approved a share buyback plan on Tuesday, September 1st that allows the company to buy back shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Share repurchase plans are often a sign that the company's leadership believes its stock is undervalued.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on BWY shares. Citigroup raised their target price on shares of Bellway from GBX 2,300 to GBX 2,500 and gave the company a "buy" rating in a report on Wednesday, August 12th. Jefferies Financial Group reaffirmed a "buy" rating and issued a GBX 2,380 price target on shares of Bellway in a report on Wednesday, October 14th. Berenberg Bank reduced their price target on shares of Bellway from GBX 2,550 to GBX 2,450 and set a "buy" rating on the stock in a report on Wednesday, October 14th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a GBX 2,917 price target on shares of Bellway in a research report on Wednesday, August 12th. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, Bellway has a consensus rating of "Moderate Buy" and a consensus price target of GBX 2,527.89.
View Our Latest Analysis on Bellway
About Bellway
(
Get Free Report)
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. The company was founded in 1946 and is headquartered in Newcastle upon Tyne, the United Kingdom.
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