Credit Suisse Group Reiterates “Outperform” Rating for Bellway plc (BWY)
Bellway plc (LON:BWY)‘s stock had its “outperform” rating restated by equities researchers at Credit Suisse Group in a research report issued to clients and investors on Friday. They currently have a GBX 2,976 ($37.85) price target on the stock. Credit Suisse Group’s price objective points to a potential upside of 0.03% from the stock’s previous close.
A number of other research analysts have also recently issued reports on the stock. Jefferies Group LLC raised their price target on shares of Bellway plc from GBX 2,857 ($36.34) to GBX 3,447 ($43.84) and gave the stock a “buy” rating in a report on Tuesday, April 18th. Deutsche Bank AG reaffirmed a “hold” rating and issued a GBX 3,014 ($38.34) price target on shares of Bellway plc in a report on Thursday, May 4th. Peel Hunt raised shares of Bellway plc to an “add” rating and raised their price target for the stock from GBX 2,925 ($37.20) to GBX 3,145 ($40.00) in a report on Wednesday, April 26th. J P Morgan Chase & Co raised their price target on shares of Bellway plc from GBX 2,950 ($37.52) to GBX 3,300 ($41.97) and gave the stock an “overweight” rating in a report on Thursday, April 6th. Finally, Liberum Capital reaffirmed a “buy” rating and issued a GBX 3,032 ($38.57) price target on shares of Bellway plc in a report on Friday, April 21st. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of GBX 3,196.51 ($40.66).
Shares of Bellway plc (LON:BWY) traded up 0.24% during trading on Friday, reaching GBX 2975.00. 375,954 shares of the company were exchanged. Bellway plc has a 1-year low of GBX 1,636.95 and a 1-year high of GBX 3,050.00. The company’s 50-day moving average is GBX 2,906.56 and its 200 day moving average is GBX 2,711.24. The firm’s market capitalization is GBX 3.64 billion.
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Bellway plc Company Profile
Bellway p.l.c is a holding company of the Bellway Group of companies. The Company is engaged in the building and selling of homes, ranging from one-bedroom apartments up to five-bedroom family homes, as well as providing social housing-to-housing associations. It focuses on providing traditional family housing outside of London and apartments within the London boroughs, in zone 2 and beyond.
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