Numis Securities Ltd Reaffirms “Buy” Rating for Bellway plc (BWY)

Numis Securities Ltd reaffirmed their buy rating on shares of Bellway plc (LON:BWY) in a research note published on Wednesday morning. They currently have a GBX 3,795 ($48.35) price target on the stock.

Other analysts have also recently issued research reports about the stock. J P Morgan Chase & Co restated an overweight rating on shares of Bellway plc in a research note on Wednesday, March 22nd. Liberum Capital restated a buy rating and set a GBX 3,032 ($38.63) target price on shares of Bellway plc in a research note on Friday, June 9th. Canaccord Genuity restated a buy rating and set a GBX 3,100 ($39.50) target price on shares of Bellway plc in a research note on Wednesday, June 14th. Peel Hunt restated a hold rating and set a GBX 2,900 ($36.95) target price on shares of Bellway plc in a research note on Tuesday, March 21st. Finally, Deutsche Bank AG raised their target price on shares of Bellway plc from GBX 2,993 ($38.13) to GBX 3,014 ($38.40) and gave the stock a hold rating in a research note on Wednesday, March 22nd. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of GBX 3,032.47 ($38.64).

Analyst Recommendations for Bellway plc (LON:BWY)

Bellway plc (LON:BWY) opened at 3009.00 on Wednesday. Bellway plc has a 12-month low of GBX 1,622.00 and a 12-month high of GBX 3,039.00. The company’s market cap is GBX 3.68 billion. The stock’s 50 day moving average is GBX 2,891.23 and its 200 day moving average is GBX 2,679.85.

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Bellway plc Company Profile

Bellway p.l.c is a holding company of the Bellway Group of companies. The Company is engaged in the building and selling of homes, ranging from one-bedroom apartments up to five-bedroom family homes, as well as providing social housing-to-housing associations. It focuses on providing traditional family housing outside of London and apartments within the London boroughs, in zone 2 and beyond.

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