Bellway (BWY) Earns Buy Rating from Liberum Capital

Liberum Capital reaffirmed their buy rating on shares of Bellway (LON:BWY) in a research note issued to investors on Thursday. Liberum Capital currently has a GBX 3,500 ($45.73) price target on the stock.

A number of other research firms have also issued reports on BWY. Shore Capital reissued a hold rating on shares of Bellway in a research report on Monday, November 5th. Peel Hunt reissued a buy rating on shares of Bellway in a research report on Wednesday, October 10th. Barclays reduced their price target on shares of Bellway from GBX 3,584 ($46.83) to GBX 3,390 ($44.30) and set an equal weight rating for the company in a research report on Wednesday, September 12th. Credit Suisse Group reissued an outperform rating on shares of Bellway in a research report on Thursday, August 23rd. Finally, Deutsche Bank raised shares of Bellway to a buy rating and raised their price target for the stock from GBX 3,716 ($48.56) to GBX 3,745 ($48.94) in a research report on Thursday, August 30th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of GBX 3,823.89 ($49.97).

BWY stock opened at GBX 2,511 ($32.81) on Thursday. Bellway has a 52 week low of GBX 2,654 ($34.68) and a 52 week high of GBX 3,805 ($49.72).

The firm also recently declared a dividend, which will be paid on Wednesday, January 9th. Shareholders of record on Thursday, November 29th will be given a dividend of GBX 95 ($1.24) per share. The ex-dividend date of this dividend is Thursday, November 29th. This is a positive change from Bellway’s previous dividend of $48.00. This represents a yield of 3.27%.

In other Bellway news, insider Keith Adey sold 10,385 shares of the firm’s stock in a transaction that occurred on Tuesday, November 13th. The shares were sold at an average price of GBX 2,938 ($38.39), for a total transaction of £305,111.30 ($398,681.95).

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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