Bovis Homes Group (BVS) Hits New 12-Month Low Following Insider Selling

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).

Bovis Homes Group (LON:BVS) last issued its quarterly earnings data on Thursday, September 6th. The company reported GBX 36.10 ($0.47) earnings per share (EPS) for the quarter.

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%.

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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.

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