Bellway plc (BWY) Stock Rating Reaffirmed by Canaccord Genuity
Bellway plc (LON:BWY)‘s stock had its “buy” rating reiterated by investment analysts at Canaccord Genuity in a note issued to investors on Tuesday. They presently have a GBX 3,280 ($43.58) price target on the stock. Canaccord Genuity’s price objective would suggest a potential downside of 6.37% from the company’s current price.
BWY has been the topic of several other reports. Citigroup Inc. reissued a “buy” rating on shares of Bellway plc in a report on Friday. Liberum Capital reissued a “buy” rating and issued a GBX 3,336 ($44.33) target price on shares of Bellway plc in a report on Tuesday. Peel Hunt reissued an “add” rating and issued a GBX 3,545 ($47.10) target price on shares of Bellway plc in a report on Tuesday. Shore Capital reissued a “hold” rating on shares of Bellway plc in a report on Tuesday. Finally, J P Morgan Chase & Co raised their target price on shares of Bellway plc from GBX 3,400 ($45.18) to GBX 3,600 ($47.83) and gave the company an “overweight” rating in a report on Friday, September 29th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of GBX 3,378.42 ($44.89).
Bellway plc (LON BWY) traded up 1.88% during mid-day trading on Tuesday, reaching GBX 3569.00. 812,181 shares of the company were exchanged. Bellway plc has a 12-month low of GBX 2,235.00 and a 12-month high of GBX 3,596.00. The stock’s market capitalization is GBX 4.37 billion. The company’s 50 day moving average price is GBX 3,225.92 and its 200-day moving average price is GBX 3,028.67.
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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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