Bellway plc Stock Rating Reaffirmed by Numis Securities Ltd (BWY)
Bellway plc (LON:BWY)‘s stock had its “buy” rating reaffirmed by equities research analysts at Numis Securities Ltd in a research note issued to investors on Tuesday. They currently have a GBX 2,039 ($34.73) price objective on the stock. Numis Securities Ltd’s target price points to a potential upside of 30.20% from the stock’s previous close.
Bellway plc (LON:BWY) opened at 1591.00 on Tuesday. Bellway plc has a 1-year low of GBX 1236.00 and a 1-year high of GBX 1715.00. The stock has a 50-day moving average of GBX 1448. and a 200-day moving average of GBX 1542.. The company’s market cap is £1.937 billion.
A number of other analysts have also recently weighed in on BWY. Analysts at Westhouse Securities reiterated a “neutral” rating on shares of Bellway plc in a research note on Monday. They now have a GBX 1,411 ($24.03) price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Bellway plc in a research note on Friday. They now have a GBX 1,750 ($29.81) price target on the stock. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Bellway plc in a research note on Tuesday, June 24th. They now have a GBX 1,674 ($28.51) price target on the stock. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Bellway plc currently has a consensus rating of “Buy” and a consensus price target of GBX 1,850 ($31.51).
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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