Bellway plc’s (LON:BWY) “Buy” Rating Reaffirmed at Canaccord Genuity

Canaccord Genuity reiterated their buy rating on shares of Bellway plc (LON:BWY) in a research report report published on Tuesday, October 17th. They currently have a GBX 3,280 ($43.14) target price on the stock.

BWY has been the subject of a number of other research reports. Deutsche Bank AG reissued a hold rating and set a GBX 3,090 ($40.64) price target on shares of Bellway plc in a research report on Friday, September 1st. Citigroup Inc. reissued a buy rating on shares of Bellway plc in a research report on Friday, October 13th. Liberum Capital reissued a buy rating on shares of Bellway plc in a research report on Tuesday, August 8th. Peel Hunt upped their price objective on shares of Bellway plc from GBX 3,435 ($45.18) to GBX 3,545 ($46.63) and gave the stock an add rating in a report on Wednesday, September 27th. Finally, Jefferies Group LLC upped their price objective on shares of Bellway plc from GBX 3,447 ($45.34) to GBX 3,934 ($51.74) and gave the stock a buy rating in a report on Monday, June 26th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company. The stock 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 on Tuesday, reaching GBX 3,668 ($48.24). 501,847 shares of the company were exchanged, compared to its average volume of 509,307. Bellway plc has a twelve month low of GBX 2,251 ($29.61) and a twelve 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. Shareholders of record on Thursday, November 30th will be paid a dividend of GBX 84.50 ($1.11) per share. This represents a yield of 2.37%. This is a positive change from Bellway plc’s previous dividend of $37.50. The ex-dividend date is Thursday, November 30th.

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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