Bovis Homes Group plc’s (BVS) “Sell” Rating Reiterated at Shore Capital
Several other brokerages have also recently issued reports on BVS. Barclays PLC upped their price objective on shares of Bovis Homes Group plc from GBX 833 ($10.96) to GBX 957 ($12.59) and gave the company an underweight rating in a research note on Monday, October 30th. Deutsche Bank AG reaffirmed a buy rating and set a GBX 1,334 ($17.55) price objective on shares of Bovis Homes Group plc in a research note on Friday, September 8th. J P Morgan Chase & Co reaffirmed a neutral rating on shares of Bovis Homes Group plc in a research note on Friday, September 8th. Numis Securities Ltd reaffirmed a buy rating and set a GBX 1,275 ($16.77) price objective on shares of Bovis Homes Group plc in a research note on Friday, October 6th. Finally, Bank of America Corporation upped their price objective on shares of Bovis Homes Group plc from GBX 785 ($10.32) to GBX 980 ($12.89) and gave the company an underperform rating in a research note on Tuesday, September 12th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. Bovis Homes Group plc currently has a consensus rating of Hold and a consensus target price of GBX 1,032.54 ($13.58).
Shares of Bovis Homes Group plc (LON:BVS) traded down GBX 2 ($0.03) during midday trading on Wednesday, reaching GBX 1,123 ($14.77). 745,416 shares of the company traded hands, compared to its average volume of 467,340. Bovis Homes Group plc has a one year low of GBX 740.50 ($9.74) and a one year high of GBX 1,222 ($16.07).
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The business also recently disclosed a dividend, which will be paid on Friday, November 17th. Stockholders of record on Thursday, September 21st will be issued a GBX 15 ($0.20) dividend. The ex-dividend date is Thursday, September 21st. This represents a dividend yield of 1.32%.
In related news, insider Martin Palmer acquired 1,773 shares of the firm’s stock in a transaction dated Thursday, October 5th. The shares were purchased at an average cost of GBX 1,121 ($14.74) per share, for a total transaction of £19,875.33 ($26,141.43). Over the last 90 days, insiders bought 1,815 shares of company stock worth $2,032,320.
About Bovis Homes Group plc
Bovis Homes Group PLC is a United Kingdom-based company, which is engaged in designing, building and sale of houses for both private customers and Registered Social Landlords. The Company offers a portfolio of properties, including one bedroom apartments, two bedroom apartments, five bedroom apartments and six bedroom detached family homes.
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