Bellway plc (BWY) Downgraded by Barclays PLC to “Equal Weight”

Barclays PLC cut shares of Bellway plc (LON:BWY) to an equal weight rating in a research note issued to investors on Monday, MarketBeat.com reports. The firm currently has GBX 3,779 ($49.87) price target on the stock, up from their prior price target of GBX 3,631 ($47.92).

BWY has been the topic of a number of other reports. Deutsche Bank AG reissued a hold rating and set a GBX 3,090 ($40.78) target price on shares of Bellway plc in a research report on Friday, September 1st. Peel Hunt upped their price target on shares of Bellway plc from GBX 3,435 ($45.33) to GBX 3,545 ($46.78) and gave the company an add rating in a report on Wednesday, September 27th. Canaccord Genuity reaffirmed a buy rating and issued a GBX 3,280 ($43.28) price target on shares of Bellway plc in a report on Tuesday, October 17th. Liberum Capital reaffirmed a buy rating on shares of Bellway plc in a report on Tuesday, August 8th. Finally, Credit Suisse Group upped their price target on shares of Bellway plc from GBX 2,976 ($39.27) to GBX 3,545 ($46.78) and gave the company an outperform rating in a report on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of GBX 3,478.25 ($45.90).

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The firm also recently announced a dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Thursday, November 30th will be paid a dividend of GBX 84.50 ($1.12) per share. This is a positive change from Bellway plc’s previous dividend of $37.50. The ex-dividend date of this dividend is Thursday, November 30th. This represents a yield of 2.37%.

Bellway plc Company Profile

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 plc (LON:BWY)

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