Bellway’s (BWY) Buy Rating Reiterated at Peel Hunt

Peel Hunt reissued their buy rating on shares of Bellway (LON:BWY) in a research note released on Tuesday.

Several other equities research analysts have also commented on the stock. Deutsche Bank raised shares of Bellway to a buy rating and upped their price target for the company from GBX 3,716 ($48.56) to GBX 3,745 ($48.94) in a report on Thursday, August 30th. UBS Group reissued a buy rating on shares of Bellway in a research note on Monday, July 30th. Berenberg Bank started coverage on shares of Bellway in a research note on Wednesday, July 25th. They set a buy rating and a GBX 3,760 ($49.13) target price on the stock. Barclays lowered their target price on shares of Bellway from GBX 3,584 ($46.83) to GBX 3,390 ($44.30) and set an equal weight rating on the stock in a research note on Wednesday, September 12th. 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 issued a buy rating to the company’s stock. Bellway presently has an average rating of Buy and an average price target of GBX 3,916.30 ($51.17).

LON:BWY opened at GBX 2,798 ($36.56) on Tuesday. Bellway has a one year low of GBX 2,654 ($34.68) and a one year high of GBX 3,805 ($49.72).

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

Bellway Company Profile

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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