Bellway plc (BWY) Given Consensus Rating of “Buy” by Brokerages
Shares of Bellway plc (LON:BWY) have been assigned an average rating of “Buy” from the fifteen brokerages that are presently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is GBX 3,379.25 ($44.13).
A number of equities research analysts have commented on BWY shares. Peel Hunt increased their price objective on shares of Bellway plc from GBX 3,145 ($41.07) to GBX 3,435 ($44.86) and gave the company an “add” rating in a research report on Wednesday, June 14th. Liberum Capital reissued a “buy” rating and issued a GBX 3,032 ($39.59) price objective on shares of Bellway plc in a research report on Friday, April 21st. Jefferies Group LLC increased their price objective on shares of Bellway plc from GBX 2,857 ($37.31) to GBX 3,447 ($45.01) and gave the company a “buy” rating in a research report on Tuesday, April 18th. Canaccord Genuity reissued a “buy” rating and issued a GBX 3,100 ($40.48) price objective on shares of Bellway plc in a research report on Wednesday, June 14th. Finally, Numis Securities Ltd reissued a “buy” rating and issued a GBX 3,795 ($49.56) price objective on shares of Bellway plc in a research report on Wednesday, June 14th.
Shares of Bellway plc (BWY) opened at 3085.00 on Monday. Bellway plc has a 52 week low of GBX 1,930.00 and a 52 week high of GBX 3,128.00. The firm has a 50-day moving average of GBX 2,965.40 and a 200 day moving average of GBX 2,775.15. The firm’s market capitalization is GBX 3.78 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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