Bellway plc (LON:BWY) Receives Average Rating of “Buy” from Analysts
Bellway plc (LON:BWY) has been assigned a consensus recommendation of “Buy” from the fifteen analysts that are currently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is GBX 3,379.25 ($44.13).
BWY has been the topic of several recent analyst reports. Peel Hunt boosted their price objective on Bellway plc from GBX 3,145 ($41.07) to GBX 3,435 ($44.86) and gave the stock an “add” rating in a report on Wednesday, June 14th. Liberum Capital restated a “buy” rating and set a GBX 3,032 ($39.59) price objective on shares of Bellway plc in a report on Friday, April 21st. Jefferies Group LLC boosted their price objective on Bellway plc from GBX 2,857 ($37.31) to GBX 3,447 ($45.01) and gave the stock a “buy” rating in a report on Tuesday, April 18th. Canaccord Genuity restated a “buy” rating and set a GBX 3,100 ($40.48) price objective on shares of Bellway plc in a report on Wednesday, June 14th. Finally, Numis Securities Ltd restated a “buy” rating and set a GBX 3,795 ($49.56) price objective on shares of Bellway plc in a report on Wednesday, June 14th.
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Shares of Bellway plc (LON BWY) opened at 3085.00 on Monday. The stock’s market capitalization is GBX 3.78 billion. Bellway plc has a one year low of GBX 1,930.00 and a one year high of GBX 3,128.00. The stock’s 50 day moving average is GBX 2,965.40 and its 200-day moving average is GBX 2,775.15.
About Bellway plc
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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