Bellway plc (BWY) Given Consensus Rating of “Buy” by Analysts
Shares of Bellway plc (LON:BWY) have received a consensus rating of “Buy” from the fourteen brokerages that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and nine have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is GBX 3,563.55 ($47.02).
A number of research analysts recently issued reports on the stock. Barclays PLC lowered shares of Bellway plc to an “equal weight” rating and raised their target price for the company from GBX 3,631 ($47.92) to GBX 3,779 ($49.87) in a research note on Monday. Credit Suisse Group reiterated an “outperform” rating and issued a GBX 4,168 ($55.00) target price on shares of Bellway plc in a research note on Thursday, October 26th. Deutsche Bank AG raised their target price on shares of Bellway plc from GBX 3,090 ($40.78) to GBX 3,517 ($46.41) and gave the company a “hold” rating in a research note on Wednesday, October 18th. Canaccord Genuity reiterated a “buy” rating and issued a GBX 3,280 ($43.28) target price on shares of Bellway plc in a research note on Tuesday, October 17th. Finally, Shore Capital reiterated a “hold” rating on shares of Bellway plc in a research note on Tuesday, October 17th.
COPYRIGHT VIOLATION WARNING: This news story was originally reported by American Banking News and is the sole property of of American Banking News. If you are reading this news story on another site, it was copied illegally and reposted in violation of United States and international trademark and copyright laws. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2017/11/01/bellway-plc-bwy-given-consensus-rating-of-buy-by-analysts.html.
Bellway plc (LON:BWY) opened at 3668.00 on Wednesday. The firm has a 50-day moving average of GBX 3,380.32 and a 200-day moving average of GBX 3,104.41. The firm’s market cap is GBX 4.50 billion. Bellway plc has a one year low of GBX 2,251.00 and a one year high of GBX 3,805.00.
The firm also recently disclosed a dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Thursday, November 30th will be issued a dividend of GBX 84.50 ($1.12) per share. This represents a dividend yield of 2.37%. This is an increase from Bellway plc’s previous dividend of $37.50. The ex-dividend date of this dividend is Thursday, November 30th.
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.
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.