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.
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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.
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