Shares of Bellway plc (LON:BWY) have been assigned an average rating of “Buy” from the fourteen brokerages that are currently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is GBX 3,657.78 ($47.80).
A number of analysts have issued reports on BWY shares. UBS Group reaffirmed a “buy” rating and issued a GBX 3,600 ($47.04) price objective (down previously from GBX 3,800 ($49.65)) on shares of Bellway in a research note on Wednesday, March 13th. Liberum Capital reaffirmed a “buy” rating and issued a GBX 3,500 ($45.73) price objective on shares of Bellway in a research note on Thursday, February 7th. HSBC lifted their target price on Bellway from GBX 3,870 ($50.57) to GBX 4,250 ($55.53) and gave the stock a “buy” rating in a report on Tuesday, March 26th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Bellway in a report on Friday, February 8th. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 3,620 ($47.30) target price on shares of Bellway in a report on Wednesday, April 3rd.
In other news, insider Jason Honeyman sold 6,281 shares of Bellway stock in a transaction that occurred on Monday, January 21st. The stock was sold at an average price of GBX 2,932 ($38.31), for a total value of £184,158.92 ($240,636.25).
The business also recently announced a dividend, which will be paid on Thursday, July 4th. Stockholders of record on Thursday, May 23rd will be issued a GBX 50.40 ($0.66) dividend. This represents a dividend yield of 1.64%. The ex-dividend date of this dividend is Thursday, May 23rd. Bellway’s dividend payout ratio (DPR) is 0.33%.
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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