Numis Securities Reaffirms “Add” Rating for Bellway (BWY)

Bellway (LON:BWY)‘s stock had its “add” rating restated by equities research analysts at Numis Securities in a research note issued to investors on Thursday. They currently have a GBX 3,980 ($55.89) price target on the stock. Numis Securities’ price target suggests a potential upside of 18.24% from the stock’s previous close.

Other research analysts have also recently issued research reports about the company. Liberum Capital upped their price target on Bellway from GBX 3,336 ($46.85) to GBX 3,930 ($55.19) and gave the company a “buy” rating in a report on Wednesday, January 3rd. Credit Suisse Group reaffirmed an “outperform” rating and issued a GBX 4,168 ($58.53) price target on shares of Bellway in a report on Thursday, October 26th. Deutsche Bank reaffirmed a “hold” rating on shares of Bellway in a report on Monday. Citigroup reaffirmed a “buy” rating on shares of Bellway in a report on Friday, October 13th. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a GBX 3,280 ($46.06) price target on shares of Bellway in a report on Tuesday, October 17th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company’s stock. Bellway presently has an average rating of “Buy” and a consensus price target of GBX 3,601.42 ($50.57).

Shares of Bellway (BWY) traded up GBX 45 ($0.63) during mid-day trading on Thursday, reaching GBX 3,366 ($47.27). The company’s stock had a trading volume of 206,894 shares, compared to its average volume of 293,349. Bellway has a 12 month low of GBX 2,477 ($34.78) and a 12 month high of GBX 3,805 ($53.43). The firm has a market capitalization of $4,110.00 and a P/E ratio of 912.20.

In related news, insider Edward (Ted) Ayres sold 18,768 shares of the company’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of GBX 3,429 ($48.15), for a total value of £643,554.72 ($903,742.06). Also, insider Jason Honeyman sold 3,537 shares of the company’s stock in a transaction on Friday, December 22nd. The stock was sold at an average price of GBX 3,624 ($50.89), for a total transaction of £128,180.88 ($180,004.04). Over the last 90 days, insiders have sold 30,117 shares of company stock worth $104,281,200.

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Bellway 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.

Analyst Recommendations for Bellway (LON:BWY)

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