Bellway plc (LON:BWY)‘s stock had its “buy” rating restated by analysts at Citigroup Inc. in a research note issued on Wednesday. They presently have a GBX 2,420 ($29.49) price target on the stock. Citigroup Inc.’s price objective indicates a potential upside of 1.42% from the stock’s previous close.
A number of other brokerages have also issued reports on BWY. Deutsche Bank AG reiterated a “hold” rating and issued a GBX 2,649 ($32.29) price objective on shares of Bellway plc in a report on Monday, October 3rd. Jefferies Group raised their price objective on shares of Bellway plc from GBX 2,806 ($34.20) to GBX 2,857 ($34.82) and gave the company a “buy” rating in a report on Wednesday. Canaccord Genuity reiterated a “buy” rating and issued a GBX 2,350 ($28.64) price objective on shares of Bellway plc in a report on Tuesday, October 4th. Liberum Capital reiterated a “buy” rating and issued a GBX 3,125 ($38.09) price objective on shares of Bellway plc in a report on Monday, October 3rd. Finally, Credit Suisse Group AG raised their price objective on shares of Bellway plc from GBX 2,176 ($26.52) to GBX 2,976 ($36.27) and gave the company an “outperform” rating in a report on Friday, September 23rd. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of GBX 2,764.51 ($33.69).
Bellway plc (LON:BWY) opened at 2386.00 on Wednesday. Bellway plc has a 52 week low of GBX 1,622.00 and a 52 week high of GBX 2,897.51. The company’s market cap is GBX 2.92 billion. The firm has a 50-day moving average of GBX 2,321.62 and a 200-day moving average of GBX 2,322.06.
The business also recently disclosed a dividend, which will be paid on Wednesday, January 11th. Stockholders of record on Thursday, December 1st will be given a dividend of GBX 74 ($0.90) per share. This is an increase from Bellway plc’s previous dividend of $34.00. The ex-dividend date of this dividend is Thursday, December 1st. This represents a dividend yield of 3.1%.
About Bellway plc
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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