Bellway (LON:BWY) Price Target Increased to GBX 3,200 by Analysts at Berenberg Bank

Bellway (LON:BWY) had its target price upped by Berenberg Bank from GBX 2,900 ($37.87) to GBX 3,200 ($41.79) in a report issued on Tuesday morning, LSE.Co.UK reports. Berenberg Bank currently has a hold rating on the stock.

A number of other equities research analysts have also recently commented on the company. JPMorgan Chase & Co. reissued a neutral rating on shares of Bellway in a report on Friday, July 5th. Royal Bank of Canada reaffirmed an outperform rating and issued a GBX 3,650 ($47.66) target price on shares of Bellway in a report on Tuesday, June 18th. Finally, Citigroup reaffirmed a buy rating and issued a GBX 3,368 ($43.98) target price on shares of Bellway in a report on Thursday, August 15th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average target price of GBX 3,204.20 ($41.84).

Bellway Stock Performance

Bellway stock traded up GBX 24 ($0.31) during trading on Tuesday, reaching GBX 3,330 ($43.48). The company had a trading volume of 566,981 shares, compared to its average volume of 439,719. Bellway has a 52 week low of GBX 1,993 ($26.03) and a 52 week high of GBX 3,384 ($44.19). The firm’s 50-day simple moving average is GBX 3,050.16 and its 200 day simple moving average is GBX 2,790.42. The firm has a market capitalization of £3.95 billion, a price-to-earnings ratio of 1,850.00, a price-to-earnings-growth ratio of 3.40 and a beta of 1.46. The company has a current ratio of 5.78, a quick ratio of 0.50 and a debt-to-equity ratio of 3.78.

Bellway Increases Dividend

The business also recently declared a dividend, which will be paid on Wednesday, January 8th. Investors of record on Thursday, November 28th will be given a GBX 38 ($0.50) dividend. The ex-dividend date of this dividend is Thursday, November 28th. This represents a yield of 1.15%. This is a positive change from Bellway’s previous dividend of $16.00. Bellway’s dividend payout ratio (DPR) is currently 6,166.67%.

Bellway Company Profile

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.