Bellway plc (LON:BWY)‘s stock had its “buy” rating reaffirmed by analysts at Liberum Capital in a research note issued on Tuesday. They presently have a GBX 2,780 ($34.33) price objective on the stock. Liberum Capital’s price target points to a potential downside of 1.70% from the company’s current price.

Several other research analysts have also issued reports on BWY. Numis Securities Ltd reaffirmed a “buy” rating and set a GBX 3,091 ($38.17) target price on shares of Bellway plc in a research report on Tuesday, November 29th. Canaccord Genuity raised their target price on Bellway plc from GBX 2,630 ($32.48) to GBX 2,780 ($34.33) and gave the stock a “buy” rating in a research report on Tuesday, December 6th. HSBC Holdings plc reaffirmed a “buy” rating and set a GBX 3,745 ($46.25) target price on shares of Bellway plc in a research report on Wednesday, December 7th. Jefferies Group LLC reaffirmed an “overweight” rating and set a GBX 2,950 ($36.43) target price on shares of Bellway plc in a research report on Wednesday, December 7th. Finally, Shore Capital reaffirmed a “buy” rating on shares of Bellway plc in a research report on Monday, December 12th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Bellway plc presently has a consensus rating of “Buy” and a consensus target price of GBX 2,785.38 ($34.40).

Analyst Recommendations for Bellway plc (LON:BWY)

Bellway plc (LON:BWY) opened at 2917.00 on Tuesday. Bellway plc has a 52-week low of GBX 1,622.00 and a 52-week high of GBX 2,920.00. The stock’s 50 day moving average price is GBX 2,637.17 and its 200 day moving average price is GBX 2,469.78. The firm’s market capitalization is GBX 3.57 billion.

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Bellway plc 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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