Numis Securities Ltd Reaffirms Buy Rating for Bellway plc (BWY)
Bellway plc (LON:BWY)‘s stock had its “buy” rating reaffirmed by equities researchers at Numis Securities Ltd in a research report issued on Tuesday. They currently have a GBX 2,860 ($34.86) target price on the stock. Numis Securities Ltd’s target price would indicate a potential upside of 27.11% from the company’s previous close.
A number of other equities research analysts also recently issued reports on BWY. HSBC reaffirmed a “buy” rating and issued a GBX 3,840 ($46.80) price objective on shares of Bellway plc in a research report on Monday, June 27th. Goldman Sachs Group Inc. reissued 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. Jefferies Group reissued a “buy” rating and set a GBX 2,806 ($34.20) target price on shares of Bellway plc in a research report on Monday, June 27th. Deutsche Bank AG reissued a “hold” rating and set a GBX 2,736 ($33.35) target price on shares of Bellway plc in a research report on Tuesday, June 28th. Finally, Credit Suisse Group AG reissued an “outperform” rating and set a GBX 2,176 ($26.52) target price (down from GBX 2,918 ($35.56)) on shares of Bellway plc in a research report on Thursday, June 30th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of GBX 2,806.74 ($34.21).
Shares of Bellway plc (LON:BWY) traded up 5.87% on Tuesday, hitting GBX 2382.00. The stock had a trading volume of 676,856 shares. The firm’s market capitalization is GBX 2.92 billion. The company has a 50 day moving average of GBX 2,318.60 and a 200-day moving average of GBX 2,323.44. Bellway plc has a 12-month low of GBX 1,622.00 and a 12-month high of GBX 2,897.51.
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Bellway plc Company Profile
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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