Bellway plc (LON:BWY) Receives Average Rating of “Buy” from Brokerages

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Bellway plc (LON:BWY) has earned an average rating of “Buy” from the sixteen ratings firms that are presently covering the company, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is GBX 3,610.89 ($47.18).

A number of research analysts have weighed in on BWY shares. Berenberg Bank lowered their target price on Bellway from GBX 3,790 ($49.52) to GBX 3,560 ($46.52) and set a “buy” rating on the stock in a report on Thursday, October 17th. UBS Group reissued a “buy” rating on shares of Bellway in a report on Friday, October 11th. Peel Hunt reissued a “hold” rating on shares of Bellway in a report on Monday, October 28th. Deutsche Bank started coverage on Bellway in a report on Wednesday, September 4th. They issued a “buy” rating and a GBX 3,538 ($46.23) target price on the stock. Finally, Canaccord Genuity reissued a “buy” rating and issued a GBX 3,450 ($45.08) target price on shares of Bellway in a report on Tuesday, October 15th.

BWY stock traded up GBX 30 ($0.39) during trading on Friday, reaching GBX 3,190 ($41.68). The stock had a trading volume of 325,033 shares, compared to its average volume of 535,129. Bellway has a 52 week low of GBX 333.45 ($4.36) and a 52 week high of GBX 3,562 ($46.54). The stock’s 50 day moving average is GBX 3,288.68 and its two-hundred day moving average is GBX 2,998.16. The company has a current ratio of 4.38, a quick ratio of 0.38 and a debt-to-equity ratio of 2.23. The firm has a market cap of $3.93 billion and a PE ratio of 7.31.

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

About Bellway

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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