Bellway plc (BWY) Stock Rating Reaffirmed by Bank of America Corporation
Bank of America Corporation reaffirmed their underperform rating on shares of Bellway plc (LON:BWY) in a research note published on Tuesday morning, MarketBeat.com reports. The firm currently has a GBX 2,500 ($32.29) price objective on the stock.
A number of other analysts have also issued reports on BWY. Deutsche Bank AG boosted their target price on shares of Bellway plc from GBX 3,014 ($38.93) to GBX 3,023 ($39.04) and gave the company a hold rating in a research note on Wednesday, May 31st. Liberum Capital reissued a buy rating and set a GBX 3,032 ($39.16) target price on shares of Bellway plc in a research note on Friday, June 9th. Shore Capital reissued a hold rating on shares of Bellway plc in a research note on Wednesday, June 14th. Peel Hunt boosted their target price on shares of Bellway plc from GBX 3,145 ($40.62) to GBX 3,435 ($44.36) and gave the company an add rating in a research note on Wednesday, June 14th. Finally, Canaccord Genuity reissued a buy rating and set a GBX 3,100 ($40.04) target price on shares of Bellway plc in a research note on Wednesday, June 14th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company. Bellway plc presently has a consensus rating of Buy and a consensus target price of GBX 3,311.62 ($42.77).
Bellway plc (LON:BWY) opened at 2994.00 on Tuesday. Bellway plc has a one year low of GBX 2,221.00 and a one year high of GBX 3,280.00. The firm has a 50-day moving average of GBX 3,169.00 and a 200 day moving average of GBX 2,944.96. The company’s market capitalization is GBX 3.67 billion.
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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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