Bellway p.l.c. (LON:BWY) has earned a consensus recommendation of “Buy” from the fourteen brokerages that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is GBX 3,568.20 ($47.79).

BWY has been the subject of a number of recent analyst reports. Deutsche Bank reiterated a “hold” rating and set a GBX 3,090 ($41.38) target price on shares of Bellway in a research report on Friday, September 1st. Canaccord Genuity reiterated a “buy” rating and set a GBX 3,280 ($43.93) target price on shares of Bellway in a research report on Tuesday, October 17th. Peel Hunt increased their target price on shares of Bellway from GBX 3,435 ($46.00) to GBX 3,545 ($47.48) and gave the stock an “add” rating in a research report on Wednesday, September 27th. Barclays cut shares of Bellway to an “equal weight” rating and increased their target price for the stock from GBX 3,631 ($48.63) to GBX 3,779 ($50.61) in a research report on Monday, October 30th. Finally, Liberum Capital reiterated a “buy” rating on shares of Bellway in a research report on Tuesday, August 8th.

Shares of Bellway (LON:BWY) traded up GBX 100 ($1.34) during trading on Friday, hitting GBX 3,552 ($47.57). 584,093 shares of the company were exchanged, compared to its average volume of 613,334. Bellway has a 1-year low of GBX 2,347 ($31.43) and a 1-year high of GBX 3,805 ($50.96).

The business also recently disclosed a dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Thursday, November 30th will be given a GBX 84.50 ($1.13) dividend. This represents a yield of 2.37%. The ex-dividend date is Thursday, November 30th. This is a boost from Bellway’s previous dividend of $37.50.

In other Bellway news, insider Edward (Ted) Ayres sold 18,768 shares of the firm’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of GBX 3,429 ($45.92), for a total value of £643,554.72 ($861,865.17).

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About Bellway

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.

Analyst Recommendations for Bellway (LON:BWY)

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