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

Posted by on May 23rd, 2023

Bellway p.l.c. (LON:BWY – Get Rating) has been given an average recommendation of “Buy” by the eight analysts that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is GBX 2,656 ($33.03).

BWY has been the topic of a number of analyst reports. Berenberg Bank lifted their price objective on shares of Bellway from GBX 2,200 ($27.36) to GBX 2,700 ($33.58) and gave the company a “hold” rating in a research note on Thursday, May 11th. Peel Hunt reissued a “buy” rating and issued a GBX 2,660 ($33.08) price objective on shares of Bellway in a research report on Thursday, February 9th. Numis Securities reaffirmed a “buy” rating and set a GBX 3,000 ($37.31) target price on shares of Bellway in a research report on Thursday, February 9th. JPMorgan Chase & Co. boosted their price target on Bellway from GBX 2,670 ($33.21) to GBX 2,870 ($35.70) and gave the stock an “overweight” rating in a research note on Tuesday, April 18th. Finally, Liberum Capital restated a “top pick” rating and set a GBX 2,860 ($35.57) price objective on shares of Bellway in a research note on Monday, February 13th.

Bellway Stock Performance

Shares of BWY stock opened at GBX 2,460 ($30.60) on Friday. The company’s fifty day simple moving average is GBX 2,276.26 and its 200-day simple moving average is GBX 2,135.11. The company has a current ratio of 5.55, a quick ratio of 0.50 and a debt-to-equity ratio of 3.73. Bellway has a 52 week low of GBX 1,572 ($19.55) and a 52 week high of GBX 2,570 ($31.97). The company has a market cap of £3.01 billion, a PE ratio of 1,366.67, a P/E/G ratio of -0.17 and a beta of 1.45.

Bellway Cuts Dividend

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

About Bellway

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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.

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Analyst Recommendations for Bellway (LON:BWY)

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