Bellway p.l.c.’s (BWY) Hold Rating Reaffirmed at Deutsche Bank AG
BWY has been the topic of a number of other research reports. Peel Hunt lifted their price target on shares of Bellway p.l.c. from GBX 3,435 ($45.18) to GBX 3,545 ($46.63) and gave the company an add rating in a research note on Wednesday, September 27th. Canaccord Genuity reissued a buy rating and issued a GBX 3,280 ($43.14) price target on shares of Bellway p.l.c. in a research note on Tuesday, October 17th. Barclays PLC cut shares of Bellway p.l.c. to an equal weight rating and lifted their price target for the company from GBX 3,631 ($47.76) to GBX 3,779 ($49.70) in a research note on Monday, October 30th. Liberum Capital reissued a buy rating on shares of Bellway p.l.c. in a research note on Tuesday, August 8th. Finally, Bank of America Corporation reissued an underperform rating and issued a GBX 2,500 ($32.88) price target on shares of Bellway p.l.c. in a research note on Tuesday, September 12th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of Buy and an average price target of GBX 3,478.25 ($45.75).
Bellway p.l.c. (LON:BWY) traded down GBX 61.17 ($0.80) during trading on Thursday, reaching GBX 3,478.83 ($45.76). 419,614 shares of the company were exchanged, compared to its average volume of 615,213. Bellway p.l.c. has a 1 year low of GBX 2,347 ($30.87) and a 1 year high of GBX 3,805 ($50.05).
The firm also recently announced a dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Thursday, November 30th will be paid a dividend of GBX 84.50 ($1.11) per share. This represents a yield of 2.37%. The ex-dividend date is Thursday, November 30th. This is a boost from Bellway p.l.c.’s previous dividend of $37.50.
In other Bellway p.l.c. news, insider Edward (Ted) Ayres sold 18,768 shares of Bellway p.l.c. stock in a transaction on Friday, November 10th. The shares were sold at an average price of GBX 3,429 ($45.10), for a total transaction of £643,554.72 ($846,448.40).
About Bellway p.l.c.
Bellway p.l.c is a holding company of the Bellway Group of companies. The Company is engaged in the building and selling of homes, ranging from one-bedroom apartments up to five-bedroom family homes, as well as providing social housing-to-housing associations. It focuses on providing traditional family housing outside of London and apartments within the London boroughs, in zone 2 and beyond.
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