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).

Analyst Recommendations for Bellway plc (LON:BWY)

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.

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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.

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