Bellway plc (LON:BWY)‘s stock had its “buy” rating restated by investment analysts at Numis Securities Ltd in a research note issued to investors on Tuesday. They currently have a GBX 3,091 ($38.35) price objective on the stock. Numis Securities Ltd’s target price indicates a potential upside of 25.09% from the company’s previous close.
Other equities research analysts have also recently issued research reports about the stock. Peel Hunt raised shares of Bellway plc to an “add” rating and increased their price target for the company from GBX 2,990 ($37.09) to GBX 3,000 ($37.22) in a research report on Wednesday, October 19th. Liberum Capital reissued a “buy” rating and set a GBX 3,125 ($38.77) price target on shares of Bellway plc in a research report on Monday, October 3rd. Canaccord Genuity increased their price target on shares of Bellway plc from GBX 2,220 ($27.54) to GBX 2,350 ($29.15) and gave the company a “buy” rating in a research report on Wednesday, August 17th. Beaufort Securities reissued a “buy” rating on shares of Bellway plc in a research report on Monday, August 8th. Finally, Jefferies Group upped their price objective on shares of Bellway plc from GBX 2,806 ($34.81) to GBX 2,857 ($35.44) and gave the stock a “buy” rating in a report on Wednesday, October 19th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of GBX 2,782.28 ($34.52).
Bellway plc (LON:BWY) opened at 2475.00 on Tuesday. The stock’s 50 day moving average is GBX 2,401.31 and its 200-day moving average is GBX 2,319.24. Bellway plc has a one year low of GBX 1,622.00 and a one year high of GBX 2,897.51. The firm’s market capitalization is GBX 3.03 billion.
The business also recently declared a dividend, which will be paid on Wednesday, January 11th. Stockholders of record on Thursday, December 1st will be issued a dividend of GBX 74 ($0.92) per share. This represents a dividend yield of 3.1%. The ex-dividend date is Thursday, December 1st. This is an increase from Bellway plc’s previous dividend of $34.00.
In other news, insider Keith Adey sold 4,800 shares of the firm’s stock in a transaction dated Monday, November 28th. The shares were sold at an average price of GBX 2,412 ($29.92), for a total transaction of £115,776 ($143,624.86).