Bellway plc (BWY) Given “Hold” Rating at Peel Hunt
Bellway plc (LON:BWY)‘s stock had its “hold” rating reaffirmed by analysts at Peel Hunt in a research note issued to investors on Tuesday. They presently have a GBX 2,990 ($36.44) target price on the stock. Peel Hunt’s target price would indicate a potential upside of 32.89% from the company’s current price.
A number of other brokerages have also recently issued reports on BWY. Davy Research reiterated an “outperform” rating on shares of Bellway plc in a research note on Friday, August 5th. Deutsche Bank AG upped their price objective on Bellway plc from GBX 2,649 ($32.29) to GBX 2,701 ($32.92) and gave the stock a “hold” rating in a research note on Monday. Goldman Sachs Group Inc. reiterated a “neutral” rating and set a GBX 1,715 ($20.90) price objective on shares of Bellway plc in a research note on Monday, June 27th. Credit Suisse Group AG upped their price objective on Bellway plc from GBX 2,176 ($26.52) to GBX 2,976 ($36.27) and gave the stock an “outperform” rating in a research note on Friday, September 23rd. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 3,500 ($42.66) price objective on shares of Bellway plc in a research note on Monday, August 8th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of GBX 2,806.74 ($34.21).
Shares of Bellway plc (LON:BWY) opened at 2250.00 on Tuesday. The firm’s 50-day moving average is GBX 2,318.60 and its 200-day moving average is GBX 2,323.44. The firm’s market cap is GBX 2.76 billion. Bellway plc has a 1-year low of GBX 1,622.00 and a 1-year high of GBX 2,897.51.
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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