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Bellway ( (GB:BWY) ) just unveiled an update.
Bellway p.l.c. announced the exercise of nil-cost options under its 2013 Performance Share Plan, resulting in the sale of shares to cover tax liabilities. The transactions involved directors Jason Honeyman and Simon Scougall, with shares sold at an average price of £27.67 on the London Stock Exchange. This move reflects the company’s adherence to its Remuneration Policy, with 56.4% of the award vesting based on performance metrics.
The most recent analyst rating on (GB:BWY) stock is a Buy with a £34.10 price target. To see the full list of analyst forecasts on Bellway stock, see the GB:BWY Stock Forecast page.
Spark’s Take on GB:BWY Stock
According to Spark, TipRanks’ AI Analyst, GB:BWY is a Neutral.
Bellway’s overall stock score reflects a mixed financial performance with strong balance sheet stability but declining revenues and cash flow challenges. Technical analysis indicates bearish momentum, while valuation metrics suggest fair pricing. The earnings call provided positive operational insights but highlighted areas needing improvement, such as RoCE and cost management.
To see Spark’s full report on GB:BWY stock, click here.
More about Bellway
Bellway p.l.c. operates in the homebuilding industry, focusing on the construction and sale of residential properties. The company is known for its wide range of housing developments across the UK, catering to various market segments from first-time buyers to luxury home seekers.
Average Trading Volume: 350,935
Technical Sentiment Signal: Strong Buy
Current Market Cap: £3.21B
Find detailed analytics on BWY stock on TipRanks’ Stock Analysis page.