Bellway plc (BWY) Earns “Buy” Rating from Canaccord Genuity
Bellway plc (LON:BWY)‘s stock had its “buy” rating reaffirmed by investment analysts at Canaccord Genuity in a report issued on Tuesday. They currently have a GBX 2,350 ($30.67) price target on the stock. Canaccord Genuity’s target price indicates a potential downside of 1.14% from the stock’s previous close.
BWY has been the topic of several other research reports. Deutsche Bank AG reiterated a “hold” rating and issued a GBX 2,649 ($34.58) target price on shares of Bellway plc in a research report on Friday, September 2nd. Credit Suisse Group AG lifted their target price 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 report on Friday, September 23rd. Liberum Capital lifted their target price on shares of Bellway plc from GBX 2,259 ($29.49) to GBX 3,125 ($40.79) and gave the company a “buy” rating in a research report on Friday, September 23rd. Barclays PLC dropped 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. dropped 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 equities research 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. The stock currently has a consensus rating of “Buy” and a consensus price target of GBX 2,738.83 ($35.75).
Shares of Bellway plc (LON:BWY) opened at 2425.00 on Tuesday. The stock’s market capitalization is GBX 2.97 billion. Bellway plc has a 52-week low of GBX 1,622.00 and a 52-week high of GBX 2,897.51. The company has a 50-day moving average of GBX 2,302.31 and a 200-day moving average of GBX 2,338.49.
In related news, insider Smith,Paul Hampden purchased 2,918 shares of Bellway plc stock in a transaction dated Thursday, July 7th. The shares were 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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