Bellway’s (BWY) Buy Rating Reaffirmed at Liberum Capital

Bellway (LON:BWY)‘s stock had its “buy” rating reaffirmed by investment analysts at Liberum Capital in a research note issued on Thursday. They currently have a GBX 3,500 ($45.73) price objective on the stock. Liberum Capital’s target price indicates a potential upside of 36.19% from the company’s current price.

A number of other analysts also recently weighed in on the stock. Shore Capital reaffirmed a “hold” rating on shares of Bellway in a research report on Monday, November 5th. Peel Hunt reaffirmed a “buy” rating on shares of Bellway in a research report on Tuesday, October 16th. Barclays reduced their target price on shares of Bellway from GBX 3,584 ($46.83) to GBX 3,390 ($44.30) and set an “equal weight” rating on the stock in a research report on Wednesday, September 12th. Deutsche Bank raised shares of Bellway to a “buy” rating and upped their target price for the stock from GBX 3,716 ($48.56) to GBX 3,745 ($48.94) in a research report on Thursday, August 30th. Finally, Credit Suisse Group reaffirmed an “outperform” rating on shares of Bellway in a research report on Thursday, August 23rd. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of GBX 3,823.89 ($49.97).

Shares of LON:BWY traded up GBX 2 ($0.03) during midday trading on Thursday, reaching GBX 2,570 ($33.58). The company’s stock had a trading volume of 531,220 shares, compared to its average volume of 535,129. Bellway has a 12-month low of GBX 2,654 ($34.68) and a 12-month high of GBX 3,805 ($49.72).

In related news, insider Keith Adey sold 10,385 shares of the stock in a transaction dated Tuesday, November 13th. The shares were sold at an average price of GBX 2,938 ($38.39), for a total transaction of £305,111.30 ($398,681.95).

About Bellway

Bellway p.l.c., together with its subsidiaries, engages in the house building business in the United Kingdom. It builds and sells homes ranging from one-bedroom apartments to six-bedroom family homes, as well as provides social housing to housing associations. It owns and controls 37,855 plots of land.

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Analyst Recommendations for Bellway (LON:BWY)

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