Bellway plc (LON:BWY) had its target price lifted by Credit Suisse Group AG from GBX 2,176 ($28.40) to GBX 2,976 ($38.85) in a report released on Friday. They currently have an outperform rating on the stock.
Several other research analysts also recently issued reports on the stock. HSBC reiterated a buy rating and set a GBX 3,840 ($50.12) price target on shares of Bellway plc in a research report on Monday, June 27th. Deutsche Bank AG reiterated a hold rating and set a GBX 2,736 ($35.71) price target on shares of Bellway plc in a research report on Monday, July 4th. Liberum Capital restated a buy rating and set a GBX 2,259 ($29.49) target price on shares of Bellway plc in a research report on Tuesday, July 5th. JPMorgan Chase & Co. cut their target price on shares of Bellway plc from GBX 3,500 ($45.69) to GBX 2,680 ($34.98) and set an overweight rating on the stock in a research report on Monday, August 15th. Finally, Barclays PLC cut their target price on shares of Bellway plc from GBX 3,098.40 ($40.44) to GBX 2,214.60 ($28.91) and set an overweight rating on the stock in a research report on Thursday, July 7th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of GBX 2,738.83 ($35.75).
Bellway plc (LON:BWY) opened at 2316.00 on Friday. The stock’s market capitalization is GBX 2.84 billion. Bellway plc has a 12 month low of GBX 1,622.00 and a 12 month high of GBX 2,897.51. The company’s 50-day moving average is GBX 2,271.19 and its 200-day moving average is GBX 2,341.03.
In other Bellway plc news, insider Smith,Paul Hampden bought 2,918 shares of the stock in a transaction that occurred on Thursday, July 7th. The stock was acquired at an average cost of GBX 1,713 ($22.36) per share, with a total value of £49,985.34 ($65,246.50).
Bellway plc Company Profile
Bellway p.l.c. is a United Kingdom-based holding company, owning subsidiary undertakings, which is engaged principally in housebuilding in the United Kingdom. The Company provides a range of house types, including one, two and three bedroom apartments; terraced homes; three storey homes; semi-detached homes, and three, four and five-bedroom detached homes.
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