Bellway p.l.c. (LON:BWY) Receives GBX 2,656 Consensus Price Target from Analysts

Shares of Bellway p.l.c. (LON:BWY – Get Rating) have been assigned a consensus recommendation of “Buy” from the eight analysts that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is GBX 2,656 ($33.03).

A number of equities analysts have recently issued reports on BWY shares. Jefferies Financial Group increased their price target on Bellway from GBX 2,573 ($32.00) to GBX 2,661 ($33.10) and gave the stock a “buy” rating in a research report on Wednesday, March 8th. Liberum Capital reaffirmed a “top pick” rating and set a GBX 2,860 ($35.57) price objective on shares of Bellway in a research report on Monday, February 13th. Numis Securities reiterated a “buy” rating and set a GBX 3,000 ($37.31) price objective on shares of Bellway in a research note on Thursday, February 9th. Barclays lifted their price target on shares of Bellway from GBX 2,250 ($27.99) to GBX 2,330 ($28.98) and gave the stock an “overweight” rating in a report on Tuesday, April 11th. Finally, Berenberg Bank upped their price target on Bellway from GBX 2,200 ($27.36) to GBX 2,700 ($33.58) and gave the stock a “hold” rating in a research report on Thursday, May 11th.

Bellway Stock Performance

Bellway stock opened at GBX 2,460 ($30.60) on Friday. Bellway has a 1-year low of GBX 1,572 ($19.55) and a 1-year high of GBX 2,570 ($31.97). The company’s 50-day moving average is GBX 2,276.26 and its 200 day moving average is GBX 2,135.11. The firm has a market capitalization of £3.01 billion, a P/E ratio of 1,366.67, a price-to-earnings-growth ratio of -0.17 and a beta of 1.45. The company has a debt-to-equity ratio of 3.73, a current ratio of 5.55 and a quick ratio of 0.50.

Bellway Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Monday, July 3rd. Shareholders of record on Thursday, May 25th will be given a dividend of GBX 45 ($0.56) per share. This represents a yield of 2.21%. The ex-dividend date is Thursday, May 25th. Bellway’s dividend payout ratio is presently 7,777.78%.

Bellway Company Profile

(Get Rating)

Bellway p.l.c., together with its subsidiaries, engages in the home building business in the United Kingdom. The company builds and sells homes ranging from one-bedroom apartments to six-bedroom family homes, as well as provides homes to housing associations for social housing. It offers homes under Bellway, Ashberry, and Bellway London brands.