Bovis Homes Group plc (BVS) Upgraded to Buy at Numis Securities Ltd
Bovis Homes Group plc (LON:BVS) was upgraded by equities research analysts at Numis Securities Ltd to a “buy” rating in a note issued to investors on Thursday. The firm presently has a GBX 1,275 ($16.47) price target on the stock, up from their previous price target of GBX 1,085 ($14.01). Numis Securities Ltd’s target price would indicate a potential upside of 11.94% from the company’s previous close.
A number of other equities research analysts have also issued reports on BVS. Deutsche Bank AG increased their target price on shares of Bovis Homes Group plc from GBX 969 ($12.51) to GBX 980 ($12.66) and gave the stock a “hold” rating in a report on Wednesday, May 31st. Liberum Capital reiterated a “buy” rating and set a GBX 940 ($12.14) target price on shares of Bovis Homes Group plc in a report on Friday, June 9th. Jefferies Group LLC increased their target price on shares of Bovis Homes Group plc from GBX 1,041 ($13.44) to GBX 1,122 ($14.49) and gave the stock a “buy” rating in a report on Monday, June 26th. Peel Hunt reiterated a “hold” rating and set a GBX 910 ($11.75) target price on shares of Bovis Homes Group plc in a report on Thursday, July 6th. Finally, Shore Capital reiterated a “hold” rating on shares of Bovis Homes Group plc in a report on Thursday, July 6th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. Bovis Homes Group plc has an average rating of “Hold” and a consensus target price of GBX 995.75 ($12.86).
Shares of Bovis Homes Group plc (BVS) traded down 1.89% during trading on Thursday, reaching GBX 1139.00. 599,863 shares of the company traded hands. The company’s market capitalization is GBX 1.53 billion. Bovis Homes Group plc has a 52 week low of GBX 740.50 and a 52 week high of GBX 1,167.00. The firm’s 50 day moving average price is GBX 1,018.93 and its 200-day moving average price is GBX 928.64.
Bovis Homes Group plc (LON:BVS) last released its earnings results on Thursday, September 7th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.51 by $0.26. Bovis Homes Group plc had a return on equity of 6.78% and a net margin of 8.07%. Equities analysts anticipate that Bovis Homes Group plc will post $73.74 EPS for the current fiscal year.
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In other news, insider Earl Sibley acquired 5,409 shares of Bovis Homes Group plc stock in a transaction dated Tuesday, June 20th. The shares were acquired at an average cost of GBX 922 ($11.91) per share, for a total transaction of £49,870.98 ($64,407.83). Insiders bought a total of 5,441 shares of company stock worth $5,017,183 over the last 90 days.
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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