Bellway (BWY) Given Add Rating at Peel Hunt

Bellway (LON:BWY)‘s stock had its “add” rating restated by Peel Hunt in a report issued on Thursday. They currently have a GBX 3,675 ($51.53) price target on the stock. Peel Hunt’s target price would indicate a potential upside of 17.79% from the company’s current price.

A number of other research firms have also recently weighed in on BWY. Credit Suisse Group reissued an “outperform” rating and issued a GBX 4,168 ($58.44) price target on shares of Bellway in a report on Thursday, October 26th. Barclays lowered Bellway to an “equal weight” rating and upped their target price for the company from GBX 3,631 ($50.91) to GBX 3,779 ($52.99) in a research note on Monday, October 30th. Liberum Capital upped their target price on Bellway from GBX 3,336 ($46.78) to GBX 3,930 ($55.10) and gave the company a “buy” rating in a research note on Wednesday, January 3rd. Deutsche Bank upped their target price on Bellway from GBX 3,090 ($43.33) to GBX 3,517 ($49.31) and gave the company a “hold” rating in a research note on Wednesday, October 18th. Finally, JPMorgan Chase & Co. upped their target price on Bellway from GBX 3,900 ($54.68) to GBX 4,100 ($57.49) and gave the company an “overweight” rating in a research note on Thursday, December 14th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of GBX 3,686.70 ($51.69).

Bellway (LON:BWY) traded up GBX 10 ($0.14) during midday trading on Thursday, hitting GBX 3,120 ($43.75). The stock had a trading volume of 1,036,318 shares, compared to its average volume of 371,376. Bellway has a 12 month low of GBX 2,542 ($35.64) and a 12 month high of GBX 3,805 ($53.35). The firm has a market capitalization of $3,830.00 and a PE ratio of 845.53.

In other Bellway news, insider Jason Honeyman sold 3,537 shares of the company’s stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of GBX 3,624 ($50.81), for a total transaction of £128,180.88 ($179,726.42). Also, insider Edward (Ted) Ayres sold 7,812 shares of the company’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of GBX 3,470 ($48.65), for a total value of £271,076.40 ($380,084.69).

TRADEMARK VIOLATION WARNING: This report was posted by American Banking News and is the sole property of of American Banking News. If you are accessing this report on another domain, it was illegally stolen and reposted in violation of United States and international copyright & trademark law. The legal version of this report can be viewed at https://www.americanbankingnews.com/2018/02/11/bellway-bwy-given-add-rating-at-peel-hunt.html.

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)

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.

Leave a Reply