Bellway (LON:BWY) Earns Buy Rating from Liberum Capital

Liberum Capital reissued their buy rating on shares of Bellway (LON:BWY) in a research note released on Thursday morning, ThisIsMoney.Co.Uk reports.

Several other analysts have also weighed in on the stock. Peel Hunt lowered shares of Bellway to a hold rating and set a GBX 3,550 ($46.39) target price for the company. in a research note on Tuesday, October 15th. Peel Hunt restated a hold rating on shares of Bellway in a research report on Monday, October 28th. Canaccord Genuity reaffirmed a buy rating and issued a GBX 3,450 ($45.08) price target on shares of Bellway in a report on Tuesday, October 15th. Berenberg Bank decreased their price target on shares of Bellway from GBX 3,790 ($49.52) to GBX 3,560 ($46.52) and set a buy rating for the company in a report on Thursday, October 17th. Finally, UBS Group reaffirmed a buy rating and set a GBX 3,700 ($48.35) price objective (up previously from GBX 3,600 ($47.04)) on shares of Bellway in a research report on Wednesday. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of GBX 3,656 ($47.77).

Shares of BWY opened at GBX 3,394 ($44.35) on Thursday. The stock has a market capitalization of $4.18 billion and a PE ratio of 7.78. The business’s fifty day moving average price is GBX 3,287.08 and its 200 day moving average price is GBX 3,029.56. The company has a debt-to-equity ratio of 0.51, a current ratio of 4.38 and a quick ratio of 0.37. Bellway has a 12-month low of GBX 333.45 ($4.36) and a 12-month high of GBX 3,562 ($46.54).

The business also recently announced a dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Thursday, November 28th will be given a GBX 100 ($1.31) dividend. The ex-dividend date of this dividend is Thursday, November 28th. This is a positive change from Bellway’s previous dividend of $50.40. This represents a yield of 2.97%. Bellway’s dividend payout ratio (DPR) is currently 0.34%.

In related news, insider Jason Honeyman bought 2,168 shares of the business’s stock in a transaction on Monday, November 11th. The shares were bought at an average cost of GBX 3,157 ($41.25) per share, for a total transaction of £68,443.76 ($89,433.90).

Bellway Company Profile

Bellway p.l.c., together with its subsidiaries, engages in the house building business in the United Kingdom. It builds and sells homes ranging from one-bedroom apartments to six-bedroom family homes, as well as provides social housing to housing associations. It owns and controls 37,855 plots of land.

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Analyst Recommendations for Bellway (LON:BWY)

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