Bellway plc Price Target Increased to GBX 2,000 by Analysts at JPMorgan Chase & Co. (BWY)
Analysts at JPMorgan Chase & Co. lifted their target price on shares of Bellway plc (LON:BWY) from GBX 1,450 ($24.30) to GBX 2,000 ($33.52) in a research report issued to clients and investors on Friday, ARN reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s target price indicates a potential upside of 19.81% from the company’s current price.
A number of other firms have also recently commented on BWY. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Bellway plc in a research note on Friday. They now have a GBX 1,637 ($27.43) price target on the stock. Separately, analysts at Panmure Gordon raised their price target on shares of Bellway plc from GBX 1,520 ($25.47) to GBX 1,639 ($27.47) in a research note on Friday, February 14th. They now have a “buy” rating on the stock. Finally, analysts at UBS AG raised their price target on shares of Bellway plc from GBX 1,875 ($31.42) to GBX 1,930 ($32.34) in a research note on Friday, February 14th. They now have a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of GBX 1,753.11 ($29.38).
Shares of Bellway plc (LON:BWY) opened at 1669.3695 on Friday. Bellway plc has a 52-week low of GBX 1104.37 and a 52-week high of GBX 1680.00. The stock’s 50-day moving average is GBX 1598.68 and its 200-day moving average is GBX 1470.. The company’s market cap is £2.033 billion.
Bellway p.l.c. is a United Kingdom-based holding company, owning subsidiary undertakings, which is engaged principally in housebuilding in the United Kingdom.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.