Bellway (LON:BWY) Hits New 1-Year Low at $2,028.57

Bellway p.l.c. (LON:BWYGet Rating)’s share price reached a new 52-week low during trading on Thursday . The stock traded as low as GBX 2,028.57 ($24.85) and last traded at GBX 2,080 ($25.48), with a volume of 358260 shares traded. The stock had previously closed at GBX 2,079 ($25.47).

Several equities analysts have recently weighed in on the stock. Liberum Capital reaffirmed a “buy” rating and set a GBX 3,040 ($37.24) target price on shares of Bellway in a report on Wednesday, May 25th. JPMorgan Chase & Co. cut their target price on shares of Bellway from GBX 4,380 ($53.65) to GBX 3,390 ($41.52) and set an “overweight” rating for the company in a report on Friday, March 25th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Bellway from GBX 3,421 ($41.90) to GBX 3,289 ($40.29) and set a “hold” rating for the company in a report on Friday, May 6th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 3,635.57 ($44.53).

The company has a market cap of £2.57 billion and a PE ratio of 6.25. The firm’s fifty day moving average is GBX 2,341.30 and its 200 day moving average is GBX 2,724.03. The company has a current ratio of 5.36, a quick ratio of 0.52 and a debt-to-equity ratio of 3.79.

The business also recently declared a dividend, which will be paid on Friday, July 1st. Investors of record on Thursday, May 19th will be issued a GBX 45 ($0.55) dividend. This represents a yield of 1.73%. The ex-dividend date is Thursday, May 19th. Bellway’s payout ratio is presently 0.35%.

In other Bellway news, insider John F. Tutte bought 20,000 shares of the stock in a transaction on Thursday, April 7th. The shares were bought at an average price of GBX 2,545 ($31.17) per share, with a total value of £509,000 ($623,468.89).

Bellway Company Profile (LON:BWY)

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 and Ashberry brands.

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