Bellway (BWY) Price Target Raised to GBX 4,080 at Liberum Capital

Bellway (LON:BWY) had its target price hoisted by Liberum Capital from GBX 3,930 ($56.27) to GBX 4,080 ($58.42) in a research note published on Friday. They currently have a buy rating on the stock.

A number of other analysts also recently commented on the stock. JPMorgan Chase boosted their price objective on shares of Bellway from GBX 3,900 ($55.84) to GBX 4,100 ($58.71) and gave the stock an overweight rating in a report on Thursday, December 14th. Numis Securities reissued a buy rating and set a GBX 3,980 ($56.99) price objective on shares of Bellway in a report on Tuesday, March 20th. Canaccord Genuity reissued a buy rating and set a GBX 4,010 ($57.42) price objective on shares of Bellway in a report on Tuesday, March 20th. Barclays decreased their price objective on shares of Bellway from GBX 3,779 ($54.11) to GBX 3,584 ($51.32) and set an equal weight rating on the stock in a report on Monday, February 5th. Finally, Shore Capital reissued a hold rating on shares of Bellway in a report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of Buy and an average target price of GBX 3,774.70 ($54.05).

BWY stock opened at GBX 3,238 ($46.36) on Friday. Bellway has a 52 week low of GBX 2,654 ($38.00) and a 52 week high of GBX 3,805 ($54.48).

The firm also recently announced a dividend, which will be paid on Monday, July 2nd. Shareholders of record on Thursday, May 24th will be given a dividend of GBX 48 ($0.69) per share. This represents a yield of 1.59%. The ex-dividend date is Thursday, May 24th.

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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.

Analyst Recommendations for Bellway (LON:BWY)

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