Bellway plc (BWY) Given Consensus Recommendation of “Buy” by Brokerages
Bellway plc (LON:BWY) has been given a consensus recommendation of “Buy” by the fifteen brokerages that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and ten have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is GBX 3,309.58 ($42.74).
Several research firms have issued reports on BWY. Canaccord Genuity reaffirmed a “buy” rating and set a GBX 3,100 ($40.04) price objective on shares of Bellway plc in a report on Wednesday, June 14th. Liberum Capital reaffirmed a “buy” rating and set a GBX 3,032 ($39.16) price objective on shares of Bellway plc in a report on Friday, June 9th. Bank of America Corporation reissued an “underperform” rating and issued a GBX 2,500 ($32.29) price target on shares of Bellway plc in a research note on Tuesday. Jefferies Group LLC increased their price target on Bellway plc from GBX 3,447 ($44.52) to GBX 3,934 ($50.81) and gave the company a “buy” rating in a research note on Monday, June 26th. Finally, Beaufort Securities reissued a “buy” rating on shares of Bellway plc in a research note on Thursday, June 15th.
Bellway plc (LON:BWY) opened at 3121.00 on Tuesday. The firm’s market capitalization is GBX 3.82 billion. The company has a 50 day moving average price of GBX 3,176.19 and a 200-day moving average price of GBX 2,936.47. Bellway plc has a one year low of GBX 2,197.00 and a one year high of GBX 3,280.00.
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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