Bellway plc’s (BWY) “Outperform” Rating Reiterated at Credit Suisse Group

Credit Suisse Group reissued their outperform rating on shares of Bellway plc (LON:BWY) in a research report report published on Thursday. The firm currently has a GBX 4,168 ($55.00) price target on the stock.

Several other equities analysts have also issued reports on BWY. J P Morgan Chase & Co reaffirmed an overweight rating and issued a GBX 3,400 ($44.87) price target on shares of Bellway plc in a research report on Friday, July 7th. Barclays PLC lifted their price target on Bellway plc from GBX 3,201 ($42.24) to GBX 3,631 ($47.92) and gave the stock an overweight rating in a research report on Thursday, July 13th. Liberum Capital lifted their price target on Bellway plc from GBX 3,032 ($40.01) to GBX 3,336 ($44.02) and gave the stock a buy rating in a research report on Wednesday, July 19th. Deutsche Bank AG reaffirmed a hold rating and issued a GBX 3,090 ($40.78) price target on shares of Bellway plc in a research report on Friday, September 1st. Finally, Bank of America Corporation reaffirmed an underperform rating and issued a GBX 2,500 ($32.99) price target on shares of Bellway plc in a research report on Tuesday, September 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of GBX 3,465.92 ($45.74).

Shares of Bellway plc (BWY) opened at 3698.00 on Thursday. Bellway plc has a one year low of GBX 2,251.00 and a one year high of GBX 3,805.00. The stock has a 50 day moving average of GBX 3,354.62 and a 200 day moving average of GBX 3,087.06. The stock’s market cap is GBX 4.53 billion.

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The firm also recently announced a dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Thursday, November 30th will be given a GBX 84.50 ($1.12) dividend. This is a positive change from Bellway plc’s previous dividend of $37.50. The ex-dividend date is Thursday, November 30th. This represents a yield of 2.37%.

About Bellway plc

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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