Bellway plc’s (BWY) Buy Rating Reiterated at Beaufort Securities
Bellway plc (LON:BWY)‘s stock had its “buy” rating reaffirmed by equities research analysts at Beaufort Securities in a research note issued to investors on Wednesday.
A number of other brokerages have also weighed in on BWY. HSBC restated a “buy” rating and set a GBX 3,840 ($46.80) price target on shares of Bellway plc in a research note on Monday, June 27th. Goldman Sachs Group Inc. restated a “neutral” rating and set a GBX 1,715 ($20.90) price target on shares of Bellway plc in a research note on Monday, June 27th. Jefferies Group restated a “buy” rating and set a GBX 2,806 ($34.20) price target on shares of Bellway plc in a research note on Monday, June 27th. Deutsche Bank AG restated a “hold” rating and set a GBX 2,736 ($33.35) price target on shares of Bellway plc in a research note on Tuesday, June 28th. Finally, Credit Suisse Group AG restated an “outperform” rating and set a GBX 2,176 ($26.52) price target (down previously from GBX 2,918 ($35.56)) on shares of Bellway plc in a research note on Thursday, June 30th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of GBX 2,764.51 ($33.69).
Shares of Bellway plc (LON:BWY) opened at 2463.00 on Wednesday. The firm’s 50-day moving average is GBX 2,321.62 and its 200-day moving average is GBX 2,322.06. Bellway plc has a 1-year low of GBX 1,622.00 and a 1-year high of GBX 2,897.51. The company’s market cap is GBX 3.02 billion.
The business also recently disclosed a dividend, which will be paid on Wednesday, January 11th. Shareholders of record on Thursday, December 1st will be given a GBX 74 ($0.90) dividend. This represents a yield of 3.1%. The ex-dividend date of this dividend is Thursday, December 1st. This is a positive change from Bellway plc’s previous dividend of $34.00.
Bellway plc Company Profile
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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