Bellway (LON:BWY) Earns “Buy” Rating from Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reissued their buy rating on shares of Bellway (LON:BWYFree Report) in a report released on Monday morning, MarketBeat Ratings reports. Deutsche Bank Aktiengesellschaft currently has a GBX 3,013 ($38.37) target price on the stock.

Separately, JPMorgan Chase & Co. lowered Bellway to a neutral rating and raised their target price for the company from GBX 2,170 ($27.63) to GBX 2,780 ($35.40) in a report on Friday, April 12th.

Read Our Latest Stock Report on BWY

Bellway Price Performance

Shares of LON BWY opened at GBX 2,800 ($35.66) on Monday. The stock has a market cap of £3.33 billion, a price-to-earnings ratio of 1,555.56, a PEG ratio of 60.49 and a beta of 1.43. The company has a debt-to-equity ratio of 3.78, a quick ratio of 0.50 and a current ratio of 5.78. Bellway has a fifty-two week low of GBX 1,903 ($24.23) and a fifty-two week high of GBX 2,898 ($36.90). The firm’s 50-day simple moving average is GBX 2,638.77 and its 200 day simple moving average is GBX 2,643.79.

Bellway Cuts Dividend

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

Bellway Company Profile

(Get Free Report)

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.

Further Reading

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