Bellway (BWY) Price Target Raised to GBX 3,716

Bellway (LON:BWY) had its price objective upped by Deutsche Bank from GBX 3,517 ($47.10) to GBX 3,716 ($49.77) in a research note issued to investors on Thursday. Deutsche Bank currently has a hold rating on the stock.

Other equities analysts also recently issued reports about the stock. Shore Capital reaffirmed a hold rating on shares of Bellway in a research note on Tuesday, October 17th. Credit Suisse Group reiterated an outperform rating and set a GBX 4,168 ($55.82) price target on shares of Bellway in a research report on Thursday, October 26th. Barclays reiterated an overweight rating and set a GBX 3,631 ($48.63) price target on shares of Bellway in a research report on Wednesday, September 27th. Bank of America reiterated an underperform rating and set a GBX 2,500 ($33.48) price target on shares of Bellway in a research report on Tuesday, September 12th. Finally, Citigroup reiterated a buy rating on shares of Bellway in a research report on Friday, October 13th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of GBX 3,494.83 ($46.80).

Bellway (BWY) opened at GBX 3,480 ($46.61) on Thursday. Bellway has a 12 month low of GBX 2,366 ($31.69) and a 12 month high of GBX 3,805 ($50.96).

The firm also recently declared a dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Thursday, November 30th will be given a dividend of GBX 84.50 ($1.13) per share. This is a boost from Bellway’s previous dividend of $37.50. The ex-dividend date is Thursday, November 30th. This represents a dividend yield of 2.37%.

In other news, insider Edward (Ted) Ayres sold 18,768 shares of Bellway stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of GBX 3,429 ($45.92), for a total transaction of £643,554.72 ($861,865.17).

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About Bellway

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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