Shore Capital Reiterates Hold Rating for Bellway plc (BWY)
Bellway plc (LON:BWY)‘s stock had its “hold” rating reaffirmed by investment analysts at Shore Capital in a report released on Wednesday, Marketbeat.com reports.
A number of other research firms have also commented on BWY. Deutsche Bank AG reaffirmed a “hold” rating and issued a GBX 3,014 ($38.13) price objective on shares of Bellway plc in a research note on Thursday, May 4th. Liberum Capital restated a “buy” rating and set a GBX 3,032 ($38.36) price target on shares of Bellway plc in a report on Friday, June 9th. Beaufort Securities restated a “buy” rating on shares of Bellway plc in a report on Wednesday, March 22nd. J P Morgan Chase & Co restated an “overweight” rating on shares of Bellway plc in a report on Wednesday, March 22nd. Finally, Canaccord Genuity raised their price target on shares of Bellway plc from GBX 2,840 ($35.93) to GBX 3,100 ($39.22) and gave the company a “buy” rating in a report on Wednesday, March 22nd. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Bellway plc has a consensus rating of “Buy” and a consensus target price of GBX 3,032.47 ($38.36).
Bellway plc (LON BWY) opened at 3016.00 on Wednesday. The company’s 50 day moving average price is GBX 2,886.11 and its 200 day moving average price is GBX 2,672.76. The firm’s market capitalization is GBX 3.69 billion. Bellway plc has a 12 month low of GBX 1,622.00 and a 12 month high of GBX 3,025.00.
The business also recently declared a dividend, which will be paid on Monday, July 3rd. Shareholders of record on Thursday, May 18th will be given a GBX 37.50 ($0.47) dividend. The ex-dividend date is Thursday, May 18th. This represents a yield of 1.32%.
Bellway plc Company Profile
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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