Bellway plc (BWY) Raised to Add at Peel Hunt
Bellway plc (LON:BWY) was upgraded by equities researchers at Peel Hunt to an “add” rating in a note issued to investors on Wednesday. The brokerage currently has a GBX 3,000 ($36.56) target price on the stock, up from their previous target price of GBX 2,990 ($36.44). Peel Hunt’s target price would indicate a potential upside of 25.73% from the stock’s previous close.
A number of other research analysts also recently issued reports on BWY. Citigroup Inc. reaffirmed a “buy” rating and set a GBX 2,420 ($29.49) price target on shares of Bellway plc in a report on Wednesday. Jefferies Group increased their target price on Bellway plc from GBX 2,806 ($34.20) to GBX 2,857 ($34.82) and gave the company a “buy” rating in a report on Wednesday. Davy Research reissued an “outperform” rating on shares of Bellway plc in a report on Friday, August 5th. Deutsche Bank AG increased their target price on Bellway plc from GBX 2,649 ($32.29) to GBX 2,701 ($32.92) and gave the company a “hold” rating in a report on Monday. Finally, Canaccord Genuity reissued a “buy” rating and issued a GBX 2,350 ($28.64) target price on shares of Bellway plc in a report on Tuesday. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Bellway plc currently has a consensus rating of “Buy” and a consensus target price of GBX 2,764.51 ($33.69).
Bellway plc (LON:BWY) opened at 2386.00 on Wednesday. The stock’s market cap is GBX 2.92 billion. The firm’s 50-day moving average price is GBX 2,321.62 and its 200-day moving average price is GBX 2,322.06. Bellway plc has a 12-month low of GBX 1,622.00 and a 12-month high of GBX 2,897.51.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/19/bellway-plc-bwy-raised-to-add-at-peel-hunt.html
The firm also recently announced a dividend, which will be paid on Wednesday, January 11th. Investors of record on Thursday, December 1st will be given a dividend of GBX 74 ($0.90) per share. The ex-dividend date of this dividend is Thursday, December 1st. This represents a dividend yield of 3.1%. This is a boost 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.
Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.