Bellway plc (LON:BWY)‘s stock had its “buy” rating reaffirmed by stock analysts at Canaccord Genuity in a research report issued to clients and investors on Tuesday. They presently have a GBX 2,350 ($30.67) target price on the stock. Canaccord Genuity’s target price would suggest a potential downside of 1.18% from the company’s current price.
BWY has been the subject of a number of other reports. Deutsche Bank AG reiterated a “hold” rating and set a GBX 2,649 ($34.58) price target on shares of Bellway plc in a report on Friday, September 2nd. Credit Suisse Group AG lifted their price target on shares of Bellway plc from GBX 2,176 ($28.40) to GBX 2,976 ($38.85) and gave the stock an “outperform” rating in a report on Friday, September 23rd. Liberum Capital lifted their price target on shares of Bellway plc from GBX 2,259 ($29.49) to GBX 3,125 ($40.79) and gave the stock a “buy” rating in a report on Friday, September 23rd. Barclays PLC decreased 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. Finally, JPMorgan Chase & Co. decreased 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. One analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of GBX 2,738.83 ($35.75).
Shares of Bellway plc (LON:BWY) opened at 2378.00 on Tuesday. The firm has a 50 day moving average of GBX 2,311.51 and a 200-day moving average of GBX 2,337.20. Bellway plc has a 12 month low of GBX 1,622.00 and a 12 month high of GBX 2,897.51. The stock’s market capitalization is GBX 2.91 billion.
About Bellway plc
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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