Liberum Capital Reaffirms “Buy” Rating for Bellway plc (BWY)
Liberum Capital reiterated their buy rating on shares of Bellway plc (LON:BWY) in a research report report published on Monday morning. They currently have a GBX 3,125 ($40.79) price objective on the stock.
BWY has been the topic of several other research reports. Deutsche Bank AG reissued a hold rating and issued a GBX 2,649 ($34.58) price target on shares of Bellway plc in a report on Friday, September 2nd. Credit Suisse Group AG raised their price target on Bellway plc from GBX 2,176 ($28.40) to GBX 2,976 ($38.85) and gave the stock an outperform rating in a report on Friday, September 23rd. Barclays PLC cut their price target on Bellway plc from GBX 3,098.40 ($40.44) to GBX 2,214.60 ($28.91) and set an overweight rating on the stock in a report on Thursday, July 7th. JPMorgan Chase & Co. cut their price target on Bellway plc from GBX 3,500 ($45.69) to GBX 2,680 ($34.98) and set an overweight rating on the stock in a report on Monday, August 15th. Finally, Canaccord Genuity reaffirmed a buy rating and set a GBX 3,430 ($44.77) target price on shares of Bellway plc in a research note on Thursday, June 9th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company. The stock has an average rating of Buy and a consensus target price of GBX 2,738.83 ($35.75).
Bellway plc (LON:BWY) opened at 2362.00 on Monday. Bellway plc has a 12-month low of GBX 1,622.00 and a 12-month high of GBX 2,897.51. The stock has a 50 day moving average price of GBX 2,311.51 and a 200-day moving average price of GBX 2,337.20. The firm’s market cap is GBX 2.89 billion.
Bellway plc Company Profile
Bellway p.l.c. is a United Kingdom-based holding company, owning subsidiary undertakings, which is engaged principally in housebuilding in the United Kingdom. The Company provides a range of house types, including one, two and three bedroom apartments; terraced homes; three storey homes; semi-detached homes, and three, four and five-bedroom detached homes.
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