Bellway (LON:BWY) Price Target Raised to GBX 2,790

Bellway (LON:BWYFree Report) had its price target raised by JPMorgan Chase & Co. from GBX 2,780 ($35.32) to GBX 2,790 ($35.45) in a report released on Monday, Marketbeat reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Separately, Deutsche Bank Aktiengesellschaft reissued a buy rating and issued a GBX 3,013 ($38.28) price objective on shares of Bellway in a report on Monday, June 10th.

Read Our Latest Stock Report on BWY

Bellway Stock Down 2.2 %

Shares of BWY opened at GBX 2,532 ($32.17) on Monday. 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 has a 12 month low of GBX 1,903 ($24.18) and a 12 month high of GBX 2,898 ($36.82). The stock’s 50 day moving average is GBX 2,641.21 and its two-hundred day moving average is GBX 2,650.57. The firm has a market cap of £3.01 billion, a P/E ratio of 1,406.67, a PEG ratio of 60.49 and a beta of 1.43.

Bellway Cuts Dividend

The company also recently declared a dividend, which will be paid on Monday, July 1st. Stockholders of record on Thursday, May 23rd will be paid a GBX 16 ($0.20) dividend. This represents a dividend yield of 0.61%. The ex-dividend date is Thursday, May 23rd. Bellway’s dividend payout ratio is presently 6,166.67%.

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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