Bellway plc (BWY) Earns Add Rating from Peel Hunt
A number of other research analysts have also recently issued reports on BWY. Jefferies Group LLC raised their price objective on Bellway plc from GBX 3,447 ($45.80) to GBX 3,934 ($52.27) and gave the company a buy rating in a research note on Monday, June 26th. Credit Suisse Group reaffirmed an outperform rating and set a GBX 2,976 ($39.54) price objective on shares of Bellway plc in a research note on Friday, June 30th. J P Morgan Chase & Co reaffirmed an overweight rating and set a GBX 3,400 ($45.18) price objective on shares of Bellway plc in a research note on Friday, July 7th. Barclays PLC raised their price objective on Bellway plc from GBX 3,201 ($42.53) to GBX 3,631 ($48.25) and gave the company an overweight rating in a research note on Thursday, July 13th. Finally, Liberum Capital raised their target price on Bellway plc from GBX 3,032 ($40.29) to GBX 3,336 ($44.33) and gave the stock a buy rating in a research note on Wednesday, July 19th. One analyst has rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of GBX 3,414 ($45.36).
Bellway plc (LON:BWY) traded up 0.73% during midday trading on Tuesday, hitting GBX 3718.00. The company’s stock had a trading volume of 542,731 shares. The stock has a 50 day moving average of GBX 3,262.76 and a 200 day moving average of GBX 3,046.25. Bellway plc has a 52-week low of GBX 2,235.00 and a 52-week high of GBX 3,733.00. The company’s market cap is GBX 4.55 billion.
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The business also recently disclosed a dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Thursday, November 30th will be issued a GBX 84.50 ($1.12) dividend. The ex-dividend date is Thursday, November 30th. This is a positive change from Bellway plc’s previous dividend of $37.50. This represents a yield of 2.37%.
About Bellway plc
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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