Bellway plc (BWY) Given Average Recommendation of “Buy” by Analysts
Bellway plc (LON:BWY) has been given a consensus rating of “Buy” by the fourteen research firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and nine have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is GBX 3,655.80 ($49.58).
A number of brokerages have recently issued reports on BWY. Peel Hunt reissued an “add” rating and set a GBX 3,545 ($48.07) target price on shares of Bellway in a research note on Tuesday, October 17th. Barclays lowered shares of Bellway to an “equal weight” rating and boosted their target price for the company from GBX 3,631 ($49.24) to GBX 3,779 ($51.25) in a research note on Monday, October 30th. Jefferies Group reissued a “buy” rating on shares of Bellway in a research note on Monday, December 18th. Deutsche Bank reissued a “hold” rating on shares of Bellway in a research note on Thursday, November 23rd. Finally, Liberum Capital restated a “buy” rating and issued a GBX 3,336 ($45.24) price objective on shares of Bellway in a report on Tuesday, October 17th.
Shares of Bellway (BWY) opened at GBX 3,574 ($48.47) on Monday. The stock has a market cap of $4,390.00 and a price-to-earnings ratio of 968.56. Bellway has a one year low of GBX 2,443 ($33.13) and a one year high of GBX 3,805 ($51.60).
In other Bellway news, insider Edward (Ted) Ayres sold 18,768 shares of the business’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of GBX 3,429 ($46.50), for a total value of £643,554.72 ($872,734.91). Also, insider Jason Honeyman sold 3,537 shares of the business’s stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of GBX 3,624 ($49.15), for a total transaction of £128,180.88 ($173,828.15). Insiders sold 30,117 shares of company stock valued at $104,281,200 over the last quarter.
TRADEMARK VIOLATION WARNING: “Bellway plc (BWY) Given Average Recommendation of “Buy” by Analysts” was posted by American Banking News and is owned by of American Banking News. If you are reading this news story on another website, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright law. The legal version of this news story can be read at https://www.americanbankingnews.com/2018/01/15/bellway-plc-bwy-given-average-recommendation-of-buy-by-analysts.html.
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.
Receive News & Ratings for Bellway Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bellway and related companies with MarketBeat.com's FREE daily email newsletter.