Liberum Capital Reaffirms “Buy” Rating for Bellway (LON:BWY)

Liberum Capital reiterated their buy rating on shares of Bellway (LON:BWYGet Rating) in a research note released on Wednesday, MarketBeat Ratings reports. They currently have a GBX 3,040 ($38.25) price target on the stock.

Several other research analysts also recently weighed in on BWY. Deutsche Bank Aktiengesellschaft cut their price target on Bellway from GBX 3,421 ($43.05) to GBX 3,289 ($41.39) and set a hold rating for the company in a report on Friday, May 6th. JPMorgan Chase & Co. lowered their price objective on shares of Bellway from GBX 4,380 ($55.12) to GBX 3,390 ($42.66) and set an overweight rating for the company in a research note on Friday, March 25th. Berenberg Bank reissued a buy rating and set a GBX 4,230 ($53.23) price objective on shares of Bellway in a research note on Monday, January 31st. Finally, Barclays boosted their price objective on shares of Bellway from GBX 3,600 ($45.30) to GBX 3,660 ($46.06) and gave the company an equal weight rating in a research note on Wednesday, February 9th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of Buy and a consensus target price of GBX 3,781.10 ($47.58).

Shares of BWY opened at GBX 2,349 ($29.56) on Wednesday. The stock has a fifty day moving average of GBX 2,458.70 and a two-hundred day moving average of GBX 2,837.99. The company has a debt-to-equity ratio of 3.79, a quick ratio of 0.52 and a current ratio of 5.36. The company has a market capitalization of £2.90 billion and a PE ratio of 7.06. Bellway has a fifty-two week low of GBX 2,156 ($27.13) and a fifty-two week high of GBX 3,712 ($46.71).

The firm also recently declared a dividend, which will be paid on Friday, July 1st. Investors of record on Thursday, May 19th will be given a dividend of GBX 45 ($0.57) per share. The ex-dividend date of this dividend is Thursday, May 19th. This represents a yield of 1.73%. Bellway’s dividend payout ratio (DPR) is 38.17%.

In other Bellway news, insider John F. Tutte purchased 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 7th. The stock was purchased at an average cost of GBX 2,545 ($32.02) per share, with a total value of £509,000 ($640,493.27).

About Bellway (Get Rating)

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 and Ashberry brands.

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Analyst Recommendations for Bellway (LON:BWY)

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