Bellway plc (BWY) Receives “Buy” Rating from Canaccord Genuity
Canaccord Genuity reiterated their buy rating on shares of Bellway plc (LON:BWY) in a research report sent to investors on Tuesday morning. They currently have a GBX 2,350 ($28.64) price target on the stock.
Several other research firms have also commented on BWY. Deutsche Bank AG reissued a hold rating and issued a GBX 2,649 ($32.29) price objective on shares of Bellway plc in a research report on Monday, October 3rd. Liberum Capital reissued a buy rating and issued a GBX 3,125 ($38.09) price objective on shares of Bellway plc in a research report on Monday, October 3rd. Credit Suisse Group AG raised their price objective on Bellway plc from GBX 2,176 ($26.52) to GBX 2,976 ($36.27) and gave the company an outperform rating in a research report on Friday, September 23rd. Numis Securities Ltd reissued a buy rating and issued a GBX 2,860 ($34.86) price objective on shares of Bellway plc in a research report on Tuesday. Finally, Peel Hunt reissued a hold rating and issued a GBX 2,990 ($36.44) price objective on shares of Bellway plc in a research report on Tuesday. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company currently has an average rating of Buy and a consensus price target of GBX 2,764.51 ($33.69).
Shares of Bellway plc (LON:BWY) opened at 2502.00 on Tuesday. The stock’s market cap is GBX 3.06 billion. The firm has a 50-day moving average price of GBX 2,321.62 and a 200-day moving average price of GBX 2,322.06. Bellway plc has a 52-week low of GBX 1,622.00 and a 52-week high of GBX 2,897.51.
The firm also recently declared a dividend, which will be paid on Wednesday, January 11th. Stockholders of record on Thursday, December 1st will be issued a dividend of GBX 74 ($0.90) per share. This represents a dividend yield of 3.1%. The ex-dividend date is Thursday, December 1st. This is a boost from Bellway plc’s previous dividend of $34.00.
About Bellway plc
Bellway p.l.c. is a United Kingdom-based holding company, owning subsidiary undertakings, which is engaged principally in housebuilding in the United Kingdom. The Company provides a range of house types, including one, two and three bedroom apartments; terraced homes; three storey homes; semi-detached homes, and three, four and five-bedroom detached homes.
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