Bellway plc’s (BWY) Buy Rating Reiterated at Beaufort Securities
Bellway plc (LON:BWY)‘s stock had its “buy” rating reiterated by Beaufort Securities in a research report issued to clients and investors on Wednesday.
Several other research analysts have also commented on BWY. Jefferies Group upped their price objective on shares of Bellway plc from GBX 2,806 ($34.20) to GBX 2,857 ($34.82) and gave the stock a “buy” rating in a report on Wednesday. Peel Hunt upgraded shares of Bellway plc to an “add” rating and increased their price target for the stock from GBX 2,990 ($36.44) to GBX 3,000 ($36.56) in a research note on Wednesday. Citigroup Inc. reiterated a “buy” rating and issued a GBX 2,420 ($29.49) price target on shares of Bellway plc in a research note on Wednesday. Davy Research reiterated an “outperform” rating on shares of Bellway plc in a research note on Friday, August 5th. Finally, Deutsche Bank AG increased their price target on shares of Bellway plc from GBX 2,649 ($32.29) to GBX 2,701 ($32.92) and gave the stock a “hold” rating in a research note on Monday. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Bellway plc currently has a consensus rating of “Buy” and a consensus price target of GBX 2,764.51 ($33.69).
Bellway plc (LON:BWY) opened at 2463.00 on Wednesday. Bellway plc has a 52 week low of GBX 1,622.00 and a 52 week high of GBX 2,897.51. The company’s market cap is GBX 3.02 billion. The company has a 50-day moving average of GBX 2,321.62 and a 200 day moving average of GBX 2,322.06.
The business 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 an increase from Bellway plc’s previous dividend of $34.00.
Bellway plc Company Profile
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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