Bellway (BWY) Given New GBX 3,930 Price Target at Liberum Capital

Bellway (LON:BWY) had its price objective lifted by Liberum Capital from GBX 3,336 ($45.24) to GBX 3,930 ($53.30) in a research report released on Wednesday, January 3rd. The firm currently has a buy rating on the stock.

BWY has been the subject of several other research reports. Deutsche Bank restated a hold rating and set a GBX 3,716 ($50.39) price target on shares of Bellway in a research report on Monday, December 18th. Jefferies Group reiterated a buy rating on shares of Bellway in a report on Monday, December 18th. JPMorgan Chase & Co. increased their price objective on shares of Bellway from GBX 3,900 ($52.89) to GBX 4,100 ($55.60) and gave the company an overweight rating in a report on Thursday, December 14th. Barclays downgraded shares of Bellway to an equal weight rating and increased their price objective for the company from GBX 3,631 ($49.24) to GBX 3,779 ($51.25) in a report on Monday, October 30th. Finally, Credit Suisse Group reiterated an outperform rating and issued a GBX 4,168 ($56.52) price objective on shares of Bellway in a report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of GBX 3,586 ($48.63).

Bellway (LON:BWY) opened at GBX 3,573 ($48.45) on Wednesday. The firm has a market cap of $4,390.00 and a PE ratio of 968.29. Bellway has a 1 year low of GBX 2,443 ($33.13) and a 1 year high of GBX 3,805 ($51.60).

The business also recently declared a dividend, which was paid on Wednesday, January 10th. Investors of record on Thursday, November 30th were paid a dividend of GBX 84.50 ($1.15) per share. This is a positive change from Bellway’s previous dividend of $37.50. This represents a yield of 2.37%. The ex-dividend date was Thursday, November 30th.

In other news, insider Jason Honeyman sold 3,537 shares of Bellway stock in a transaction dated Friday, December 22nd. The shares were sold at an average price of GBX 3,624 ($49.15), for a total value of £128,180.88 ($173,828.15). Also, insider Edward (Ted) Ayres sold 7,812 shares of Bellway stock in a transaction dated Monday, December 4th. The shares were sold at an average price of GBX 3,470 ($47.06), for a total transaction of £271,076.40 ($367,611.07). Insiders have sold a total of 30,117 shares of company stock worth $104,281,200 over the last quarter.

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Bellway 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 (LON:BWY)

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