Bellway plc (BWY) Rating Reiterated by Peel Hunt
Bellway plc (LON:BWY)‘s stock had its “hold” rating reaffirmed by analysts at Peel Hunt in a research report issued to clients and investors on Tuesday. They presently have a GBX 2,900 ($35.82) price objective on the stock. Peel Hunt’s target price would indicate a potential upside of 2.55% from the stock’s previous close.
Several other research firms have also recently weighed in on BWY. Shore Capital reaffirmed a “buy” rating on shares of Bellway plc in a research report on Tuesday, February 7th. HSBC Holdings plc reaffirmed a “buy” rating and set a GBX 3,745 ($46.25) price objective on shares of Bellway plc in a research report on Wednesday, February 8th. Canaccord Genuity upped their price objective on Bellway plc from GBX 2,630 ($32.48) to GBX 2,780 ($34.33) and gave the stock a “buy” rating in a research report on Tuesday, December 6th. Citigroup Inc reaffirmed a “neutral” rating and set a GBX 2,540 ($31.37) price objective on shares of Bellway plc in a research report on Thursday, February 2nd. Finally, Jefferies Group LLC reaffirmed an “overweight” rating and set a GBX 2,950 ($36.43) price objective on shares of Bellway plc in a research report on Wednesday, December 7th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of GBX 2,785.38 ($34.40).
Shares of Bellway plc (LON:BWY) opened at 2917.00 on Tuesday. Bellway plc has a 12-month low of GBX 1,622.00 and a 12-month high of GBX 2,920.00. The firm has a 50-day moving average price of GBX 2,637.17 and a 200-day moving average price of GBX 2,469.78. The firm’s market cap is GBX 3.57 billion.
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About Bellway plc
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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