Bellway plc (BWY) Given Consensus Recommendation of “Buy” by Brokerages
Bellway plc (LON:BWY) has earned a consensus recommendation of “Buy” from the fourteen research firms that are covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is GBX 3,383.18 ($43.92).
Several brokerages recently commented on BWY. Liberum Capital reiterated a “buy” rating and set a GBX 3,032 ($39.36) price target on shares of Bellway plc in a research report on Thursday, June 15th. Credit Suisse Group boosted their price target on Bellway plc from GBX 2,976 ($38.63) to GBX 3,545 ($46.02) and gave the stock an “outperform” rating in a research report on Tuesday, July 11th. Deutsche Bank AG boosted their price target on Bellway plc from GBX 3,014 ($39.13) to GBX 3,023 ($39.24) and gave the stock a “hold” rating in a research report on Wednesday, May 31st. Barclays PLC boosted their price target on Bellway plc from GBX 3,201 ($41.56) to GBX 3,631 ($47.14) and gave the stock an “overweight” rating in a research report on Thursday, July 13th. Finally, Numis Securities Ltd reiterated a “buy” rating and set a GBX 3,795 ($49.27) price target on shares of Bellway plc in a research report on Wednesday, June 14th.
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Bellway plc (BWY) opened at 3162.00 on Friday. Bellway plc has a 12-month low of GBX 2,138.00 and a 12-month high of GBX 3,252.00. The stock’s market capitalization is GBX 3.87 billion. The company has a 50 day moving average of GBX 3,101.46 and a 200-day moving average of GBX 2,861.55.
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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