Insider Selling: Bellway plc (BWY) Insider Sells £643,554.72 in Stock
Bellway plc (LON:BWY) insider Edward (Ted) Ayres sold 18,768 shares of Bellway plc stock in a transaction dated Friday, November 10th. The shares were sold at an average price of GBX 3,429 ($45.10), for a total transaction of £643,554.72 ($846,448.40).
Shares of Bellway plc (LON:BWY) opened at GBX 3,450 ($45.38) on Monday. Bellway plc has a 52-week low of GBX 2,347 ($30.87) and a 52-week high of GBX 3,805 ($50.05).
The business also recently declared a dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Thursday, November 30th will be given a dividend of GBX 84.50 ($1.11) per share. This represents a dividend yield of 2.37%. This is an increase from Bellway plc’s previous dividend of $37.50. The ex-dividend date is Thursday, November 30th.
BWY has been the subject of several research reports. Deutsche Bank AG reaffirmed a “hold” rating and issued a GBX 3,090 ($40.64) price target on shares of Bellway plc in a report on Friday, September 1st. Canaccord Genuity reissued a “buy” rating and set a GBX 3,280 ($43.14) target price on shares of Bellway plc in a research note on Tuesday, October 17th. Peel Hunt boosted their target price on shares of Bellway plc from GBX 3,435 ($45.18) to GBX 3,545 ($46.63) and gave the company an “add” rating in a research note on Wednesday, September 27th. Barclays PLC lowered shares of Bellway plc to an “equal weight” rating and boosted their target price for the company from GBX 3,631 ($47.76) to GBX 3,779 ($49.70) in a research note on Monday, October 30th. Finally, Liberum Capital reissued a “buy” rating on shares of Bellway plc in a research note on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of GBX 3,478.25 ($45.75).
About Bellway plc
Bellway p.l.c is a holding company of the Bellway Group of companies. The Company is engaged in the building and selling of homes, ranging from one-bedroom apartments up to five-bedroom family homes, as well as providing social housing-to-housing associations. It focuses on providing traditional family housing outside of London and apartments within the London boroughs, in zone 2 and beyond.
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