Bellway plc Receives Overweight Rating from HSBC (BWY)
Bellway plc (LON:BWY)‘s stock had its “overweight” rating reiterated by investment analysts at HSBC in a note issued to investors on Tuesday. They currently have a GBX 2,275 ($38.25) price target on the stock. HSBC’s price target indicates a potential upside of 50.76% from the company’s current price.
Shares of Bellway plc (LON:BWY) traded up 0.46% during mid-day trading on Tuesday, hitting GBX 1516.00. 98,116 shares of the company’s stock traded hands. Bellway plc has a one year low of GBX 1206.00 and a one year high of GBX 1715.00. The stock has a 50-day moving average of GBX 1443. and a 200-day moving average of GBX 1538.. The company’s market cap is £1.846 billion.
BWY has been the subject of a number of other recent research reports. Analysts at Panmure Gordon reiterated a “buy” rating on shares of Bellway plc in a research note on Thursday, June 5th. They now have a GBX 1,639 ($27.56) price target on the stock. Separately, analysts at Westhouse Securities reiterated a “neutral” rating on shares of Bellway plc in a research note on Thursday, June 5th. They now have a GBX 1,411 ($23.72) price target on the stock. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Bellway plc in a research note on Thursday, June 5th. They now have a GBX 1,664 ($27.98) price target on the stock. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Bellway plc currently has a consensus rating of “Buy” and a consensus price target of GBX 1,823.73 ($30.66).
Bellway p.l.c. is a United Kingdom-based holding company, owning subsidiary undertakings, which is engaged principally in housebuilding in the United Kingdom.
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