Bellway plc (LON:BWY) Stock Rating Reaffirmed by Peel Hunt

Peel Hunt reissued their add rating on shares of Bellway plc (LON:BWY) in a research report sent to investors on Tuesday, October 17th. They currently have a GBX 3,545 ($46.63) target price on the stock.

BWY has been the topic of a number of other research reports. Credit Suisse Group increased their price target on Bellway plc from GBX 2,976 ($39.14) to GBX 3,545 ($46.63) and gave the stock an outperform rating in a research report on Tuesday, July 11th. Barclays PLC reissued an overweight rating and set a GBX 3,631 ($47.76) price target on shares of Bellway plc in a research report on Wednesday, September 27th. J P Morgan Chase & Co raised their target price on Bellway plc from GBX 3,400 ($44.72) to GBX 3,600 ($47.35) and gave the company an overweight rating in a report on Friday, September 29th. Bank of America Corporation reaffirmed an underperform rating and issued a GBX 2,500 ($32.88) target price on shares of Bellway plc in a report on Tuesday, September 12th. Finally, Liberum Capital raised their target price on Bellway plc from GBX 3,032 ($39.88) to GBX 3,336 ($43.88) and gave the company a buy rating in a report on Wednesday, July 19th. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company’s stock. Bellway plc currently has an average rating of Buy and an average price target of GBX 3,478.25 ($45.75).

Bellway plc (LON BWY) traded up GBX 18 ($0.24) during trading hours on Tuesday, reaching GBX 3,668 ($48.24). The company’s stock had a trading volume of 501,847 shares, compared to its average volume of 509,307. Bellway plc has a 12-month low of GBX 2,251 ($29.61) and a 12-month high of GBX 3,805 ($50.05).

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The company also recently disclosed a dividend, which will be paid on Wednesday, January 10th. Investors of record on Thursday, November 30th will be issued a dividend of GBX 84.50 ($1.11) per share. This is an increase from Bellway plc’s previous dividend of $37.50. The ex-dividend date is Thursday, November 30th. This represents a dividend yield of 2.37%.

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.

Analyst Recommendations for Bellway plc (LON:BWY)

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