Bovis Homes Group plc (LON:BVS) reached a new 52-week low on Tuesday following insider selling activity. The company traded as low as GBX 839.20 ($10.97) and last traded at GBX 848.60 ($11.09), with a volume of 349217 shares traded. The stock had previously closed at GBX 866.80 ($11.33).
Specifically, insider Greg Fitzgerald sold 15,616 shares of the firm’s stock in a transaction on Thursday, November 29th. The stock was sold at an average price of GBX 892 ($11.66), for a total value of £139,294.72 ($182,013.22).
A number of brokerages have issued reports on BVS. Liberum Capital reissued a “hold” rating and set a GBX 1,100 ($14.37) price objective on shares of Bovis Homes Group in a report on Friday, September 7th. Peel Hunt reissued a “hold” rating on shares of Bovis Homes Group in a report on Wednesday, October 10th. Citigroup reissued a “neutral” rating and set a GBX 1,054 ($13.77) price objective (up from GBX 1,025 ($13.39)) on shares of Bovis Homes Group in a report on Wednesday, August 29th. Canaccord Genuity lifted their price objective on Bovis Homes Group from GBX 1,250 ($16.33) to GBX 1,265 ($16.53) and gave the company a “hold” rating in a report on Friday, September 7th. Finally, Shore Capital raised Bovis Homes Group to a “hold” rating in a report on Thursday, November 15th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 1,226.30 ($16.02).
The firm also recently announced a dividend, which was paid on Friday, November 23rd. Stockholders of record on Thursday, September 27th were paid a GBX 64 ($0.84) dividend. The ex-dividend date of this dividend was Thursday, September 27th. This is a positive change from Bovis Homes Group’s previous dividend of $32.50. This represents a dividend yield of 5.58%.
ILLEGAL ACTIVITY NOTICE: “Bovis Homes Group (BVS) Hits New 12-Month Low Following Insider Selling” was originally reported by Community Financial News and is the sole property of of Community Financial News. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this piece can be read at https://www.com-unik.info/2018/12/05/bovis-homes-group-bvs-hits-new-12-month-low-following-insider-selling.html.
Bovis Homes Group Company Profile (LON:BVS)
Bovis Homes Group PLC, together with its subsidiaries, operates as a builder of homes in the United Kingdom. The company offers two-bed to six-bed family homes. As of December 31, 2017, it had a consented land bank of 17,096 plots. The company was founded in 1885 and is headquartered in West Malling, the United Kingdom.
Featured Story: Day Trading – Risk Worth the Reward?
Receive News & Ratings for Bovis Homes Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bovis Homes Group and related companies with MarketBeat.com's FREE daily email newsletter.