Bellway plc’s (LON:BWY) “Overweight” Rating Reaffirmed at J P Morgan Chase & Co
Bellway plc (LON:BWY)‘s stock had its “overweight” rating reissued by equities research analysts at J P Morgan Chase & Co in a research note issued to investors on Friday. They currently have a GBX 3,400 ($44.04) target price on the stock. J P Morgan Chase & Co’s price objective suggests a potential upside of 10.93% from the company’s previous close.
Other research analysts have also recently issued research reports about the stock. Liberum Capital reissued a “buy” rating and issued a GBX 3,032 ($39.27) target price on shares of Bellway plc in a report on Friday, June 9th. Canaccord Genuity reissued a “buy” rating and issued a GBX 3,100 ($40.16) target price on shares of Bellway plc in a report on Wednesday, June 14th. Peel Hunt reissued a “hold” rating and issued a GBX 2,900 ($37.56) target price on shares of Bellway plc in a report on Tuesday, March 21st. Jefferies Group LLC increased their target price on shares of Bellway plc from GBX 3,447 ($44.65) to GBX 3,934 ($50.96) and gave the stock a “buy” rating in a report on Monday, June 26th. Finally, Deutsche Bank AG increased their target price on shares of Bellway plc from GBX 2,993 ($38.77) to GBX 3,014 ($39.04) and gave the stock a “hold” rating in a report on Wednesday, March 22nd. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of GBX 3,304.70 ($42.81).
Shares of Bellway plc (LON:BWY) traded up 0.59% during trading on Friday, hitting GBX 3065.00. 374,061 shares of the company’s stock were exchanged. The stock’s market cap is GBX 3.75 billion. The stock’s 50-day moving average price is GBX 2,906.56 and its 200-day moving average price is GBX 2,711.24. Bellway plc has a 1-year low of GBX 1,636.95 and a 1-year high of GBX 3,068.00.
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About Bellway plc
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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