Barclays PLC Increases Bellway plc (BWY) Price Target to GBX 3,631
Bellway plc (LON:BWY) had its price target upped by investment analysts at Barclays PLC from GBX 3,201 ($41.46) to GBX 3,631 ($47.03) in a research note issued to investors on Thursday. The firm presently has an “overweight” rating on the stock. Barclays PLC’s price target suggests a potential upside of 20.83% from the stock’s current price.
Several other analysts have also recently issued reports on the company. Jefferies Group LLC upped their price objective on Bellway plc from GBX 2,857 ($37.01) to GBX 3,447 ($44.65) and gave the stock a “buy” rating in a report on Tuesday, April 18th. Deutsche Bank AG reaffirmed a “hold” rating and set a GBX 3,014 ($39.04) price objective on shares of Bellway plc in a report on Thursday, May 4th. Peel Hunt raised Bellway plc to an “add” rating and upped their price objective for the stock from GBX 2,925 ($37.89) to GBX 3,145 ($40.74) in a report on Wednesday, April 26th. Beaufort Securities reaffirmed a “buy” rating on shares of Bellway plc in a report on Thursday, June 15th. Finally, J P Morgan Chase & Co upped their price objective on Bellway plc from GBX 2,950 ($38.21) to GBX 3,300 ($42.75) and gave the stock an “overweight” rating in a report on Thursday, April 6th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of GBX 3,353.92 ($43.44).
Bellway plc (BWY) opened at 3008.00 on Thursday. Bellway plc has a 12 month low of GBX 1,903.00 and a 12 month high of GBX 3,087.00. The stock’s market cap is GBX 3.68 billion. The company’s 50-day moving average price is GBX 2,906.56 and its 200-day moving average price is GBX 2,711.24.
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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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