Bellway (BWY) Given New GBX 4,100 Price Target at J P Morgan Chase & Co

Bellway (LON:BWY) had its price target boosted by J P Morgan Chase & Co from GBX 3,900 ($52.49) to GBX 4,100 ($55.18) in a research note released on Thursday. J P Morgan Chase & Co currently has an overweight rating on the stock.

BWY has been the topic of a number of other research reports. Deutsche Bank reissued a hold rating and issued a GBX 3,090 ($41.59) target price on shares of Bellway in a research report on Friday, September 1st. Credit Suisse Group reissued an outperform rating and issued a GBX 4,168 ($56.10) target price on shares of Bellway in a research report on Thursday, October 26th. Citigroup reissued a buy rating on shares of Bellway in a research report on Friday, October 13th. Canaccord Genuity reissued a buy rating and issued a GBX 3,280 ($44.15) target price on shares of Bellway in a research report on Tuesday, October 17th. Finally, Peel Hunt lifted their target price on Bellway from GBX 3,435 ($46.23) to GBX 3,545 ($47.71) and gave the company an add rating in a research report on Wednesday, September 27th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of GBX 3,536.50 ($47.60).

Bellway (LON:BWY) traded down GBX 31 ($0.42) during midday trading on Thursday, hitting GBX 3,515 ($47.31). The stock had a trading volume of 402,824 shares, compared to its average volume of 511,164. Bellway has a 52 week low of GBX 2,393 ($32.21) and a 52 week high of GBX 3,805 ($51.21).

The business also recently declared a dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Thursday, November 30th will be paid a GBX 84.50 ($1.14) dividend. This represents a yield of 2.37%. This is an increase from Bellway’s previous dividend of $37.50. The ex-dividend date is Thursday, November 30th.

In other Bellway news, insider Edward (Ted) Ayres sold 7,812 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of GBX 3,470 ($46.70), for a total value of £271,076.40 ($364,840.38).

TRADEMARK VIOLATION WARNING: “Bellway (BWY) Given New GBX 4,100 Price Target at J P Morgan Chase & Co” was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this piece of content on another domain, it was illegally copied and republished in violation of international copyright & trademark law. The legal version of this piece of content can be read at https://ledgergazette.com/2017/12/15/bellway-bwy-given-new-gbx-4100-price-target-at-j-p-morgan-chase-co.html.

About Bellway

Bellway p.l.c is a holding company of the Bellway Group of companies. The Company is engaged in the building and selling of homes, ranging from one-bedroom apartments up to five-bedroom family homes, as well as providing social housing-to-housing associations. It focuses on providing traditional family housing outside of London and apartments within the London boroughs, in zone 2 and beyond.

Analyst Recommendations for Bellway (LON:BWY)

Receive News & Ratings for Bellway Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bellway and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply