Bellway plc (BWY) Given Average Recommendation of “Buy” by Analysts

Bellway plc (LON:BWY) has been given a consensus rating of “Buy” by the fourteen research firms that are covering the firm, Marketbeat Ratings 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 price target among brokerages that have issued a report on the stock in the last year is GBX 3,655.80 ($49.58).

A number of brokerages have recently issued reports on BWY. Peel Hunt reissued an “add” rating and set a GBX 3,545 ($48.07) target price on shares of Bellway in a research note on Tuesday, October 17th. Barclays lowered shares of Bellway to an “equal weight” rating and boosted their target price for the company from GBX 3,631 ($49.24) to GBX 3,779 ($51.25) in a research note on Monday, October 30th. Jefferies Group reissued a “buy” rating on shares of Bellway in a research note on Monday, December 18th. Deutsche Bank reissued a “hold” rating on shares of Bellway in a research note on Thursday, November 23rd. Finally, Liberum Capital restated a “buy” rating and issued a GBX 3,336 ($45.24) price objective on shares of Bellway in a report on Tuesday, October 17th.

Shares of Bellway (BWY) opened at GBX 3,574 ($48.47) on Monday. The stock has a market cap of $4,390.00 and a price-to-earnings ratio of 968.56. Bellway has a one year low of GBX 2,443 ($33.13) and a one year high of GBX 3,805 ($51.60).

The company also recently announced a dividend, which was paid on Wednesday, January 10th. Shareholders of record on Thursday, November 30th were issued a GBX 84.50 ($1.15) dividend. The ex-dividend date was Thursday, November 30th. This is an increase from Bellway’s previous dividend of $37.50. This represents a yield of 2.37%.

In other Bellway news, insider Edward (Ted) Ayres sold 18,768 shares of the business’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of GBX 3,429 ($46.50), for a total value of £643,554.72 ($872,734.91). Also, insider Jason Honeyman sold 3,537 shares of the business’s stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of GBX 3,624 ($49.15), for a total transaction of £128,180.88 ($173,828.15). Insiders sold 30,117 shares of company stock valued at $104,281,200 over the last quarter.

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About Bellway

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.

Analyst Recommendations for Bellway (LON:BWY)

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