Bellway (LON:BWY) Stock Rating Lowered by JPMorgan Chase & Co.

JPMorgan Chase & Co. downgraded shares of Bellway (LON:BWY) to a neutral rating in a research report report published on Friday, MarketBeat reports. JPMorgan Chase & Co. currently has GBX 2,780 ($34.61) target price on the stock, up from their previous target price of GBX 2,170 ($27.01).

Bellway Stock Down 0.1 %

BWY stock opened at GBX 2,536 ($31.57) on Friday. 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 has a twelve month low of GBX 1,903 ($23.69) and a twelve month high of GBX 2,898 ($36.08). The company’s 50 day moving average is GBX 2,708.44 and its two-hundred day moving average is GBX 2,515.22. The stock has a market cap of £3.01 billion, a P/E ratio of 1,408.89, a PEG ratio of 56.92 and a beta of 1.43.

Bellway Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Monday, July 1st. Investors of record on Thursday, May 23rd will be given a GBX 16 ($0.20) dividend. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a yield of 0.61%. Bellway’s dividend payout ratio (DPR) is 6,166.67%.

Insiders Place Their Bets

In related news, insider Sarah Whitney bought 1,131 shares of the firm’s stock in a transaction on Monday, January 29th. The shares were bought at an average cost of GBX 2,638 ($32.84) per share, for a total transaction of £29,835.78 ($37,141.52). Insiders own 0.76% of the company’s stock.

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.