Bellway plc (LON:BWY) hit a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 2,739 ($35.79) and last traded at GBX 2,750 ($35.93), with a volume of 363308 shares changing hands. The stock had previously closed at GBX 2,846 ($37.19).
BWY has been the subject of several research analyst reports. Liberum Capital reaffirmed a “buy” rating on shares of Bellway in a research note on Friday, June 22nd. Berenberg Bank started coverage on shares of Bellway in a research note on Wednesday, July 25th. They issued a “buy” rating and a GBX 3,760 ($49.13) price objective for the company. UBS Group reissued a “buy” rating on shares of Bellway in a research note on Monday, July 30th. Peel Hunt reissued a “buy” rating on shares of Bellway in a research note on Wednesday, August 8th. Finally, Credit Suisse Group reissued an “outperform” rating on shares of Bellway in a research note on Thursday, August 23rd. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. Bellway has an average rating of “Buy” and an average price target of GBX 3,916.30 ($51.17).
The company also recently announced a dividend, which will be paid on Wednesday, January 9th. Investors of record on Thursday, November 29th will be issued a GBX 95 ($1.24) dividend. This is a boost from Bellway’s previous dividend of $48.00. The ex-dividend date is Thursday, November 29th. This represents a yield of 3.27%.
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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