Jefferies Group Increases Bellway plc (BWY) Price Target to GBX 2,857
Bellway plc (LON:BWY) had its target price raised by equities researchers at Jefferies Group from GBX 2,806 ($34.20) to GBX 2,857 ($34.82) in a research report issued to clients and investors on Wednesday. The brokerage presently has a “buy” rating on the stock. Jefferies Group’s target price would suggest a potential upside of 19.74% from the company’s current price.
BWY has been the subject of a number of other reports. Peel Hunt reaffirmed a “hold” rating and set a GBX 2,990 ($36.44) price target on shares of Bellway plc in a research report on Tuesday. Beaufort Securities reaffirmed a “buy” rating on shares of Bellway plc in a research report on Monday, August 8th. Liberum Capital reaffirmed a “buy” rating and set a GBX 3,125 ($38.09) price target on shares of Bellway plc in a research report on Monday, October 3rd. HSBC reaffirmed a “buy” rating and set a GBX 3,840 ($46.80) price target on shares of Bellway plc in a research report on Monday, June 27th. Finally, Credit Suisse Group AG boosted their price objective on shares of Bellway plc from GBX 2,176 ($26.52) to GBX 2,976 ($36.27) and gave the stock an “outperform” rating in a report on Friday, September 23rd. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of GBX 2,764.51 ($33.69).
Bellway plc (LON:BWY) opened at 2386.00 on Wednesday. The company’s 50 day moving average price is GBX 2,321.62 and its 200-day moving average price is GBX 2,322.06. The stock’s market cap is GBX 2.92 billion. 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 disclosed 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. This represents a dividend yield of 3.1%. The ex-dividend date is Thursday, December 1st. This is an increase from Bellway plc’s previous dividend of $34.00.
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.
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