Bellway plc (BWY) Rating Reiterated by Liberum Capital
Bellway plc (LON:BWY)‘s stock had its “buy” rating reaffirmed by investment analysts at Liberum Capital in a report released on Monday. They presently have a GBX 3,125 ($40.79) price objective on the stock. Liberum Capital’s target price suggests a potential upside of 31.91% from the company’s current price.
A number of other research analysts have also recently issued reports on the stock. Credit Suisse Group AG lifted their price objective on shares of Bellway plc from GBX 2,176 ($28.40) to GBX 2,976 ($38.85) and gave the company an “outperform” rating in a research note on Friday, September 23rd. Deutsche Bank AG reissued a “hold” rating and issued a GBX 2,649 ($34.58) price objective on shares of Bellway plc in a research note on Friday, September 2nd. Canaccord Genuity lifted their price objective on shares of Bellway plc from GBX 2,220 ($28.98) to GBX 2,350 ($30.67) and gave the company a “buy” rating in a research note on Wednesday, August 17th. JPMorgan Chase & Co. decreased their price objective 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 note on Monday, August 15th. Finally, Beaufort Securities reissued a “buy” rating on shares of Bellway plc in a research note on Monday, August 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Bellway plc currently 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 2370.00 on Monday. The firm’s 50 day moving average is GBX 2,291.16 and its 200 day moving average is GBX 2,340.69. The company’s market cap is GBX 2.90 billion. Bellway plc has a 12 month low of GBX 1,622.00 and a 12 month high of GBX 2,897.51.
In other news, insider Smith,Paul Hampden bought 2,918 shares of the company’s stock in a transaction that occurred on Thursday, July 7th. The shares were acquired at an average price of GBX 1,713 ($22.36) per share, for a total transaction of £49,985.34 ($65,246.50).
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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