Bellway plc (BWY) Earns “Hold” Rating from Deutsche Bank AG
Bellway plc (LON:BWY)‘s stock had its “hold” rating reaffirmed by Deutsche Bank AG in a research note issued to investors on Thursday. They presently have a GBX 3,014 ($38.92) price objective on the stock. Deutsche Bank AG’s price objective indicates a potential upside of 3.68% from the stock’s current price.
Several other equities research analysts also recently weighed in on BWY. Peel Hunt downgraded Bellway plc to a “hold” rating and lowered their price target for the stock from GBX 3,000 ($38.73) to GBX 2,900 ($37.44) in a report on Monday, January 9th. Citigroup Inc reissued a “neutral” rating and issued a GBX 2,540 ($32.80) price target on shares of Bellway plc in a report on Thursday, February 2nd. Liberum Capital reissued a “buy” rating and issued a GBX 2,780 ($35.89) price target on shares of Bellway plc in a report on Tuesday, February 7th. Shore Capital restated a “buy” rating on shares of Bellway plc in a research note on Tuesday, February 7th. Finally, Numis Securities Ltd restated a “buy” rating and issued a GBX 3,091 ($39.91) price objective on shares of Bellway plc in a research note on Tuesday, February 7th. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Bellway plc presently has a consensus rating of “Buy” and a consensus price target of GBX 2,998.97 ($38.72).
Shares of Bellway plc (LON:BWY) traded up 0.45% during trading on Thursday, reaching GBX 2907.00. 253,013 shares of the company were exchanged. The firm’s 50 day moving average is GBX 2,792.34 and its 200 day moving average is GBX 2,575.16. Bellway plc has a 1-year low of GBX 1,622.00 and a 1-year high of GBX 2,961.00.
The company also recently declared a dividend, which will be paid on Monday, July 3rd. Stockholders of record on Thursday, May 18th will be paid a GBX 37.50 ($0.48) dividend. This represents a dividend yield of 1.32%. The ex-dividend date of this dividend is Thursday, May 18th.
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About Bellway plc
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.
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