Bellway (BWY) Price Target Cut to GBX 3,620

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Bellway (LON:BWY) had its price objective trimmed by Berenberg Bank from GBX 3,780 ($49.39) to GBX 3,620 ($47.30) in a research report report published on Monday morning. The brokerage currently has a buy rating on the stock.

A number of other brokerages have also recently issued reports on BWY. Shore Capital reaffirmed a hold rating on shares of Bellway in a report on Monday, November 5th. Peel Hunt reaffirmed a buy rating on shares of Bellway in a report on Wednesday, October 10th. Redburn Partners reaffirmed a buy rating on shares of Bellway in a report on Thursday, January 24th. Liberum Capital reaffirmed a buy rating and issued a GBX 4,080 ($53.31) target price on shares of Bellway in a report on Tuesday, October 16th. Finally, Bank of America raised Bellway to a neutral rating and upped their target price for the stock from GBX 2,630 ($34.37) to GBX 3,000 ($39.20) in a report on Friday, January 11th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of GBX 3,727.50 ($48.71).

Shares of BWY opened at GBX 2,837 ($37.07) on Monday. Bellway has a 12-month low of GBX 2,654 ($34.68) and a 12-month high of GBX 3,805 ($49.72).

In other news, insider Keith Adey sold 10,385 shares of the stock in a transaction dated Tuesday, November 13th. The stock was sold at an average price of GBX 2,938 ($38.39), for a total value of £305,111.30 ($398,681.95). Also, insider Jason Honeyman sold 6,281 shares of the firm’s stock in a transaction that occurred on Monday, January 21st. The stock was sold at an average price of GBX 2,932 ($38.31), for a total value of £184,158.92 ($240,636.25).

Bellway Company Profile

Bellway p.l.c., together with its subsidiaries, engages in the house building business in the United Kingdom. It builds and sells homes ranging from one-bedroom apartments to six-bedroom family homes, as well as provides social housing to housing associations. It owns and controls 37,855 plots of land.

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Analyst Recommendations for Bellway (LON:BWY)

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