Bellway (LON:BWY) had its price target lifted by Liberum Capital from GBX 3,336 ($44.60) to GBX 3,930 ($52.55) in a research note issued to investors on Wednesday morning. They currently have a buy rating on the stock.
Other equities research analysts have also issued reports about the stock. Shore Capital restated a hold rating on shares of Bellway in a research report on Tuesday, October 17th. Credit Suisse Group restated an outperform rating and set a GBX 4,168 ($55.73) target price on shares of Bellway in a research report on Thursday, October 26th. Barclays restated an overweight rating and set a GBX 3,631 ($48.55) target price on shares of Bellway in a research report on Wednesday, September 27th. Deutsche Bank restated a hold rating on shares of Bellway in a research report on Thursday, November 23rd. Finally, Bank of America restated an underperform rating and set a GBX 2,500 ($33.43) target price on shares of Bellway in a research report on Tuesday, September 12th. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company. Bellway presently has an average rating of Buy and a consensus target price of GBX 3,586 ($47.95).
Shares of Bellway (BWY) opened at GBX 3,686 ($49.28) on Wednesday. The company has a market cap of $4,530.00 and a price-to-earnings ratio of 998.92. Bellway has a 1 year low of GBX 2,443 ($32.66) and a 1 year high of GBX 3,805 ($50.88).
The firm also recently disclosed a dividend, which will be paid on Wednesday, January 10th. Investors of record on Thursday, November 30th will be given a GBX 84.50 ($1.13) dividend. The ex-dividend date is Thursday, November 30th. This is a positive change from Bellway’s previous dividend of $37.50. This represents a dividend yield of 2.37%.
In related news, insider Edward (Ted) Ayres sold 18,768 shares of the business’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of GBX 3,429 ($45.85), for a total value of £643,554.72 ($860,482.31). Also, insider Jason Honeyman sold 3,537 shares of the business’s stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of GBX 3,624 ($48.46), for a total transaction of £128,180.88 ($171,387.73). Insiders sold a total of 30,117 shares of company stock worth $104,281,200 over the last quarter.
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.
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