Liberum Capital Reaffirms “Buy” Rating for Bellway (BWY)
Other research analysts have also recently issued reports about the stock. Peel Hunt increased their target price on shares of Bellway from GBX 3,435 ($46.23) to GBX 3,545 ($47.71) and gave the stock an add rating in a report on Wednesday, September 27th. Citigroup reiterated a buy rating on shares of Bellway in a report on Friday, October 13th. Canaccord Genuity reiterated a buy rating and set a GBX 3,280 ($44.15) target price on shares of Bellway in a report on Tuesday, October 17th. Barclays cut shares of Bellway to an equal weight rating and increased their target price for the stock from GBX 3,631 ($48.87) to GBX 3,779 ($50.86) in a report on Monday, October 30th. Finally, Shore Capital reiterated a hold rating on shares of Bellway in a report on Tuesday, October 17th. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the stock. Bellway presently has a consensus rating of Buy and an average price target of GBX 3,536.50 ($47.60).
Bellway (LON:BWY) opened at GBX 3,546 ($47.73) on Monday. Bellway has a 1-year low of GBX 2,371.22 ($31.91) and a 1-year high of GBX 3,805 ($51.21).
The company also recently declared a dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Thursday, November 30th will be issued a GBX 84.50 ($1.14) dividend. This is a boost from Bellway’s previous dividend of $37.50. This represents a dividend yield of 2.37%. The ex-dividend date is Thursday, November 30th.
In other news, insider Edward (Ted) Ayres sold 7,812 shares of the firm’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of GBX 3,470 ($46.70), for a total value of £271,076.40 ($364,840.38).
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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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