Bellway p.l.c. (LON:BWY) Receives GBX 3,582.90 Average Target Price from Analysts

Shares of Bellway p.l.c. (LON:BWY) have earned a consensus rating of “Buy” from the eleven brokerages that are currently covering the firm, reports. Three investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is GBX 3,582.90 ($46.81).

Several brokerages have recently issued reports on BWY. JPMorgan Chase & Co. boosted their price target on shares of Bellway from GBX 3,400 ($44.42) to GBX 3,500 ($45.73) and gave the company an “overweight” rating in a report on Wednesday, February 10th. Liberum Capital reissued a “buy” rating and issued a GBX 3,350 ($43.77) price objective on shares of Bellway in a research note on Tuesday, February 9th. UBS Group dropped their price target on shares of Bellway from GBX 4,040 ($52.78) to GBX 3,780 ($49.39) and set a “buy” rating for the company in a research note on Thursday, March 18th. Canaccord Genuity restated a “buy” rating and issued a GBX 3,330 ($43.51) price target on shares of Bellway in a report on Tuesday, February 9th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 3,560 ($46.51) price objective on shares of Bellway in a research note on Monday, February 8th.

BWY traded down GBX 71 ($0.93) during midday trading on Thursday, reaching GBX 3,541 ($46.26). 375,393 shares of the company’s stock were exchanged, compared to its average volume of 322,553. Bellway has a one year low of GBX 2,059 ($26.90) and a one year high of GBX 3,756 ($49.07). The business has a 50-day simple moving average of GBX 3,541.76 and a two-hundred day simple moving average of GBX 3,042.98. The company has a quick ratio of 0.47, a current ratio of 4.32 and a debt-to-equity ratio of 2.24. The firm has a market capitalization of £4.37 billion and a price-to-earnings ratio of 23.96.

The business also recently disclosed a dividend, which will be paid on Thursday, July 1st. Shareholders of record on Thursday, May 20th will be given a dividend of GBX 35 ($0.46) per share. The ex-dividend date is Thursday, May 20th. This represents a yield of 1.01%. Bellway’s dividend payout ratio (DPR) is presently 0.34%.

Bellway Company Profile

Bellway p.l.c., together with its subsidiaries, engages in the home building business in the United Kingdom. The company builds and sells homes ranging from one-bedroom apartments to six-bedroom family homes, as well as provides homes to housing associations for social housing. It offers homes under Bellway and Ashberry brands.

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Analyst Recommendations for Bellway (LON:BWY)

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