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).
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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.
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