Bellway plc (BWY) Given “Buy” Rating at Numis Securities Ltd
Numis Securities Ltd reissued their buy rating on shares of Bellway plc (LON:BWY) in a report released on Tuesday morning. Numis Securities Ltd currently has a GBX 3,091 ($38.35) target price on the stock.
A number of other equities research analysts have also weighed in on the company. Deutsche Bank AG boosted their target price on Bellway plc from GBX 2,649 ($32.86) to GBX 2,701 ($33.51) and gave the company a hold rating in a research note on Monday, October 17th. Beaufort Securities reissued a buy rating on shares of Bellway plc in a research note on Wednesday, October 19th. Peel Hunt reissued a hold rating and issued a GBX 2,990 ($37.09) target price on shares of Bellway plc in a research note on Tuesday, October 18th. JPMorgan Chase & Co. lowered their target price on Bellway plc from GBX 3,500 ($43.42) to GBX 2,680 ($33.25) and set an overweight rating for the company in a research note on Monday, August 15th. Finally, Liberum Capital reissued a buy rating and issued a GBX 3,125 ($38.77) target price on shares of Bellway plc in a research note on Monday, October 3rd. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Bellway plc presently has an average rating of Buy and a consensus price target of GBX 2,782.28 ($34.52).
Shares of Bellway plc (LON:BWY) opened at 2461.00 on Tuesday. The firm has a 50-day moving average price of GBX 2,401.31 and a 200-day moving average price of GBX 2,319.24. Bellway plc has a 52 week low of GBX 1,622.00 and a 52 week high of GBX 2,897.51. The firm’s market cap is GBX 3.01 billion.
The business also recently announced a dividend, which will be paid on Wednesday, January 11th. Investors of record on Thursday, December 1st will be issued a GBX 74 ($0.92) dividend. This is a boost from Bellway plc’s previous dividend of $34.00. This represents a yield of 3.1%. The ex-dividend date of this dividend is Thursday, December 1st.
In related news, insider Keith Adey sold 4,800 shares of the firm’s stock in a transaction on Monday, November 28th. The stock was sold at an average price of GBX 2,412 ($29.92), for a total value of £115,776 ($143,624.86).
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.
Receive News & Stock Ratings for Bellway plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bellway plc and related stocks with our FREE daily email newsletter.