Liberum Capital Reaffirms Buy Rating for Bellway plc (BWY)
Bellway plc (LON:BWY)‘s stock had its “buy” rating reaffirmed by investment analysts at Liberum Capital in a note issued to investors on Friday. They currently have a GBX 1,764 ($29.49) price target on the stock. Liberum Capital’s price objective indicates a potential upside of 10.66% from the stock’s previous close.
Shares of Bellway plc (LON:BWY) traded up 0.63% on Friday, hitting GBX 1607.00. 98,980 shares of the company’s stock traded hands. Bellway plc has a 52-week low of GBX 1236.00 and a 52-week high of GBX 1715.00. The stock’s 50-day moving average is GBX 1532. and its 200-day moving average is GBX 1535.. The company’s market cap is £1.957 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 on Friday. Separately, analysts at Beaufort Securities reiterated a “hold” rating on shares of Bellway plc in a research note on Monday, August 11th. Finally, analysts at Panmure Gordon reiterated a “buy” rating on shares of Bellway plc in a research note on Friday, August 8th. They now have a GBX 1,639 ($27.40) price target on the stock. Six investment 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 target price of GBX 1,853.64 ($30.99).
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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