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.
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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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