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

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

Bellway Stock Performance

Bellway stock opened at GBX 2,532 ($31.83) on Wednesday. The company’s 50-day moving average price is GBX 2,941.68 and its 200-day moving average price is GBX 2,848.05. The company has a quick ratio of 0.50, a current ratio of 5.78 and a debt-to-equity ratio of 3.78. 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 twelve month low of GBX 2,308 ($29.01) and a twelve month high of GBX 3,384 ($42.54).

Bellway Increases Dividend

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

Analyst Ratings Changes

Several analysts have commented on the stock. Berenberg Bank boosted their price target on shares of Bellway from GBX 2,900 ($36.46) to GBX 3,200 ($40.23) and gave the stock a “hold” rating in a research note on Tuesday, October 15th. Citigroup restated a “buy” rating and set a GBX 3,368 ($42.34) price target on shares of Bellway in a report on Thursday, August 15th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target 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.