Bellway plc Receives “Buy” Rating from Panmure Gordon (BWY)
Bellway plc (LON:BWY)‘s stock had its “buy” rating restated by analysts at Panmure Gordon in a research report issued to clients and investors on Friday. They currently have a GBX 1,639 ($27.58) price target on the stock. Panmure Gordon’s price objective points to a potential upside of 11.12% from the company’s current price.
A number of other analysts have also recently weighed in on BWY. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Bellway plc in a research note on Tuesday. They now have a GBX 1,750 ($29.45) price target on the stock. Separately, analysts at Liberum Capital reiterated a “buy” rating on shares of Bellway plc in a research note on Monday, August 4th. They now have a GBX 1,764 ($29.68) price target on the stock. Finally, analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Bellway plc in a research note on Friday, August 1st. They now have a GBX 2,039 ($34.31) price target on the stock. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of GBX 1,838.67 ($30.94).
Shares of Bellway plc (LON:BWY) traded down 0.20% on Friday, hitting GBX 1475.00. 189,756 shares of the company’s stock traded hands. Bellway plc has a one year low of GBX 1236.00 and a one year high of GBX 1715.00. The stock’s 50-day moving average is GBX 1521. and its 200-day moving average is GBX 1535.. The company’s market cap is £1.796 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.
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