Bellway p.l.c. (LON:BWY) Insider Simon Scougall Buys 515 Shares

Bellway p.l.c. (LON:BWY) insider Simon Scougall bought 515 shares of the stock in a transaction on Tuesday, November 26th. The stock was purchased at an average cost of GBX 2,528 ($31.78) per share, for a total transaction of £13,019.20 ($16,366.06).

Bellway Trading Up 0.4 %

Shares of LON:BWY opened at GBX 2,532 ($31.83) on Wednesday. The stock has a 50 day moving average of GBX 2,941.68 and a 200 day moving average of GBX 2,848.05. The company has a market cap of £3.00 billion, a PE ratio of 1,405.56, a price-to-earnings-growth ratio of 3.40 and a beta of 1.46. Bellway p.l.c. has a 12-month low of GBX 2,308 ($29.01) and a 12-month high of GBX 3,384 ($42.54). The company has a current ratio of 5.78, a quick ratio of 0.50 and a debt-to-equity ratio of 3.78.

Bellway Increases Dividend

The company also recently declared a dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Thursday, November 28th will be given a GBX 38 ($0.48) dividend. This is a positive change from Bellway’s previous dividend of $16.00. This represents a dividend yield of 1.15%. The ex-dividend date of this dividend is Thursday, November 28th. Bellway’s dividend payout ratio is presently 6,166.67%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Citigroup reiterated a “buy” rating and issued a GBX 3,368 ($42.34) price objective on shares of Bellway in a research note on Thursday, August 15th. Berenberg Bank upped their target price on shares of Bellway from GBX 2,900 ($36.46) to GBX 3,200 ($40.23) and gave the company a “hold” rating in a report on Tuesday, October 15th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 3,204.20 ($40.28).

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.