Bellway plc (LON:BWY) has been given an average rating of “Buy” by the fifteen research firms that are covering the firm. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is GBX 2,937.13 ($36.47).
Several analysts recently commented on the stock. Shore Capital restated a “hold” rating on shares of Bellway plc in a report on Friday, April 7th. JPMorgan Chase & Co. raised their price target on shares of Bellway plc from GBX 2,950 ($36.63) to GBX 3,300 ($40.98) and gave the stock an “overweight” rating in a report on Thursday, April 6th. Liberum Capital raised their price target on shares of Bellway plc from GBX 2,780 ($34.52) to GBX 3,032 ($37.65) and gave the stock a “buy” rating in a report on Tuesday, April 4th. Canaccord Genuity raised their price target on shares of Bellway plc from GBX 2,840 ($35.27) to GBX 3,100 ($38.49) and gave the stock a “buy” rating in a report on Wednesday, March 22nd. Finally, Beaufort Securities restated a “buy” rating on shares of Bellway plc in a report on Wednesday, March 22nd.
Shares of Bellway plc (LON:BWY) traded up 1.13% on Monday, hitting GBX 2770.00. 379,527 shares of the stock traded hands. Bellway plc has a 12-month low of GBX 1,622.00 and a 12-month high of GBX 2,920.00. The stock’s market cap is GBX 3.39 billion. The stock has a 50-day moving average price of GBX 2,715.11 and a 200 day moving average price of GBX 2,520.94.
The company also recently declared a dividend, which will be paid on Monday, July 3rd. Stockholders of record on Thursday, May 18th will be given a GBX 37.50 ($0.47) dividend. This represents a dividend yield of 1.32%. The ex-dividend date is Thursday, May 18th.
About Bellway plc
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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