Bellway plc (LON:BWY) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 3,408 ($45.20) and last traded at GBX 3,388 ($44.94), with a volume of 201,586 shares traded. The stock had previously closed at GBX 3,380 ($44.83).

Several brokerages have issued reports on BWY. J P Morgan Chase & Co raised their price objective on shares of Bellway plc from GBX 3,400 ($45.10) to GBX 3,600 ($47.75) and gave the stock an “overweight” rating in a research report on Friday, September 29th. Deutsche Bank AG restated a “hold” rating and set a GBX 3,090 ($40.99) price objective on shares of Bellway plc in a research report on Friday, September 1st. Liberum Capital restated a “buy” rating on shares of Bellway plc in a research report on Tuesday, August 8th. Bank of America Corporation restated an “underperform” rating and set a GBX 2,500 ($33.16) price objective on shares of Bellway plc in a research report on Tuesday, September 12th. Finally, Barclays PLC restated an “overweight” rating and set a GBX 3,631 ($48.16) price objective on shares of Bellway plc in a research report on Wednesday, September 27th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of GBX 3,363.42 ($44.61).

The company’s market cap is GBX 4.15 billion. The firm has a 50 day moving average price of GBX 3,178.14 and a 200-day moving average price of GBX 2,996.59.

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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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