Bellway (LON:BWY) Insider Buys £12,853.56 in Stock

Bellway p.l.c. (LON:BWY) insider Shane Doherty bought 2,021 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The shares were purchased at an average price of GBX 636 per share, with a total value of £12,853.56.

Bellway Price Performance

Shares of Bellway stock traded up GBX 32 during mid-day trading on Tuesday, reaching GBX 2,654. 280,771 shares of the stock were exchanged, compared to its average volume of 906,329. The company has a market cap of £3.15 billion, a price-to-earnings ratio of 21.59, a price-to-earnings-growth ratio of 3.40 and a beta of 1.46. The company has a current ratio of 5.26, a quick ratio of 0.50 and a debt-to-equity ratio of 3.75. The firm has a 50-day simple moving average of GBX 2,455.76 and a 200 day simple moving average of GBX 2,580.53. Bellway p.l.c. has a fifty-two week low of GBX 2,134 and a fifty-two week high of GBX 2,998.

Bellway (LON:BWY) last issued its quarterly earnings data on Tuesday, October 14th. The company reported GBX 176.70 EPS for the quarter. Bellway had a net margin of 5.48% and a return on equity of 3.78%. On average, sell-side analysts predict that Bellway p.l.c. will post 159.0741715 EPS for the current fiscal year.

Bellway announced that its Board of Directors has approved a share repurchase program on Tuesday, October 14th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

BWY has been the topic of a number of research analyst reports. Citigroup increased their price objective on shares of Bellway from GBX 3,000 to GBX 3,090 and gave the stock a “buy” rating in a report on Wednesday, October 15th. Royal Bank Of Canada increased their price objective on shares of Bellway from GBX 3,150 to GBX 3,300 and gave the stock a “sector perform” rating in a report on Wednesday, October 15th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 3,489 target price on shares of Bellway in a research note on Wednesday, October 22nd. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 2,900 target price on shares of Bellway in a research note on Monday, September 8th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Bellway in a research note on Friday, October 17th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 3,194.75.

About Bellway

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.