Bellway plc (BWY) Receives Consensus Recommendation of “Buy” from Brokerages
Shares of Bellway plc (LON:BWY) have been assigned an average recommendation of “Buy” from the sixteen ratings firms that are currently covering the company. Three equities research analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is GBX 2,764.51 ($34.24).
Several brokerages have recently commented on BWY. Davy Research reiterated an “outperform” rating on shares of Bellway plc in a research report on Friday, August 5th. Canaccord Genuity restated a “buy” rating and set a GBX 2,350 ($29.11) price target on shares of Bellway plc in a research report on Tuesday, October 18th. Credit Suisse Group AG raised their price target on Bellway plc from GBX 2,176 ($26.95) to GBX 2,976 ($36.86) and gave the stock an “outperform” rating in a research report on Friday, September 23rd. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 3,500 ($43.35) price target on shares of Bellway plc in a research report on Monday, August 8th. Finally, Shore Capital restated an “under review” rating on shares of Bellway plc in a research report on Friday, August 5th.
Shares of Bellway plc (LON:BWY) opened at 2402.00 on Monday. The stock’s 50 day moving average price is GBX 2,367.35 and its 200 day moving average price is GBX 2,320.10. The company’s market cap is GBX 2.95 billion. Bellway plc has a 12-month low of GBX 1,622.00 and a 12-month high of GBX 2,897.51.
The business also recently disclosed a dividend, which will be paid on Wednesday, January 11th. Shareholders of record on Thursday, December 1st will be paid a dividend of GBX 74 ($0.92) per share. This is a boost from Bellway plc’s previous dividend of $34.00. The ex-dividend date of this dividend is Thursday, December 1st. This represents a yield of 3.1%.
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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