The firm presently has a "hold" rating on the stock.
Some buyers have also complained about the quality of its homes, citing problems ranging from a lack of sealant in bathrooms to the heads of nails poking through walls, issues that have been highlighted in media reports. They now have a GBX 1,205 ($16.34) price target on the stock, up from their prior price target of GBX 1,180 ($16.00). Liberum Capital's price target would indicate a potential downside of 7.09% from the stock's current price. Deutsche Bank upped their target price on shares of Bovis Homes Group from GBX 1,334 ($18.09) to GBX 1,368 ($18.55) and gave the company a "buy" rating in a report on Thursday, November 30th. JPMorgan Chase & Co. lowered shares of Bovis Homes Group to an "underweight" rating and boosted their price target for the company from GBX 1,050 ($14.24) to GBX 1,150 ($15.60) in a research report on Thursday, December 14th. Numis Securities reaffirmed a "buy" rating and issued a GBX 1,275 ($17.29) target price on shares of Bovis Homes Group in a report on Friday, October 6th. Shore Capital reissued a "sell" rating and set a GBX 967 ($13.11) target price on shares of Bovis Homes Group in a report on Tuesday, November 14th.
Shares of Bovis Homes Group (LON:BVS) opened at GBX 1,165.50 ($15.81) on Friday. 584,128 shares of the company's stock were exchanged, compared to its average volume of 238,809. The stock has a market cap of $1,610.00 and a PE ratio of 1,475.32. Bovis Homes Group has a 12-month low of GBX 740.50 ($10.04) and a 12-month high of GBX 1,222 ($16.57).
COPYRIGHT VIOLATION NOTICE: This news story was first published by The Lincolnian Online and is the property of of The Lincolnian Online. Private home completions dropped to 2,573 from 2,903 in 2016, while affordable housing was steady at 1,072, dipping only slightly from 1,074. The Company offers a portfolio of properties, including one bedroom apartments, two bedroom apartments, five bedroom apartments and six bedroom detached family homes.