Bellway plc (BWY) Given “Hold” Rating at Peel Hunt
Bellway plc (LON:BWY)‘s stock had its “hold” rating reaffirmed by research analysts at Peel Hunt in a research note issued on Tuesday. They currently have a GBX 2,990 ($36.44) target price on the stock. Peel Hunt’s price target suggests a potential upside of 32.89% from the stock’s previous close.
A number of other research firms have also issued reports on BWY. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 3,500 ($42.66) price objective on shares of Bellway plc in a research note on Monday, August 8th. Davy Research restated an “outperform” rating on shares of Bellway plc in a research report on Friday, August 5th. Canaccord Genuity restated a “buy” rating and set a GBX 2,350 ($28.64) target price on shares of Bellway plc in a research report on Tuesday, October 4th. Deutsche Bank AG restated a “hold” rating and set a GBX 2,649 ($32.29) target price on shares of Bellway plc in a research report on Monday, October 3rd. Finally, Goldman Sachs Group Inc. restated a “neutral” rating and set a GBX 1,715 ($20.90) target price on shares of Bellway plc in a research report on Monday, June 27th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Bellway plc presently has an average rating of “Buy” and an average target price of GBX 2,806.74 ($34.21).
Bellway plc (LON:BWY) opened at 2250.00 on Tuesday. Bellway plc has a 12 month low of GBX 1,622.00 and a 12 month high of GBX 2,897.51. The stock’s 50 day moving average price is GBX 2,318.60 and its 200-day moving average price is GBX 2,323.44. The company’s market capitalization is GBX 2.76 billion.
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About Bellway plc
Bellway p.l.c. is a United Kingdom-based holding company, owning subsidiary undertakings, which is engaged principally in housebuilding in the United Kingdom. The Company provides a range of house types, including one, two and three bedroom apartments; terraced homes; three storey homes; semi-detached homes, and three, four and five-bedroom detached homes.
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