Liberum Capital Increases Bellway plc Price Target to GBX 1,760 (BWY)
Equities research analysts at Liberum Capital upped their price objective on shares of Bellway plc (LON:BWY) from GBX 1,700 ($27.50) to GBX 1,760 ($28.47) in a research note issued to investors on Tuesday, Analyst Ratings.Net reports. The firm currently has a “buy” rating on the stock. Liberum Capital’s price target indicates a potential upside of 15.94% from the stock’s previous close.
Shares of Bellway plc (LON:BWY) traded up 0.66% on Tuesday, hitting GBX 1518.00. 236,170 shares of the company’s stock traded hands. Bellway plc has a 52-week low of GBX 941.37 and a 52-week high of GBX 1544.00. The stock has a 50-day moving average of GBX 1352.68 and a 200-day moving average of GBX 1348.. The company’s market cap is £1.849 billion.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Bellway plc in a research note to investors on Monday. They now have a GBX 1,592 ($25.76) price target on the stock. Separately, analysts at UBS AG raised their price target on shares of Bellway plc from GBX 1,600 ($25.89) to GBX 1,675 ($27.10) in a research note to investors on Friday, October 18th. They now have a “buy” rating on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Bellway plc from GBX 1,726 ($27.92) to GBX 1,732 ($28.02) in a research note to investors on Thursday, October 17th. They now have a “buy” rating on the stock. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Bellway plc currently has a consensus rating of “Buy” and an average target price of GBX 1,630.90 ($26.39).
Bellway p.l.c. is a holding company, owning subsidiary undertakings, which is engaged principally in housebuilding in the United Kingdom.
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