Bellway (BWY) Sets New 12-Month Low at $2,790.00
Shares of Bellway plc (LON:BWY) hit a new 52-week low on Thursday . The stock traded as low as GBX 2,790 ($36.46) and last traded at GBX 2,790 ($36.46), with a volume of 367704 shares changing hands. The stock had previously closed at GBX 2,927 ($38.25).
Several brokerages recently weighed in on BWY. Peel Hunt reiterated a “buy” rating on shares of Bellway in a research report on Wednesday. Barclays cut their price objective 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 upgraded shares of Bellway to a “buy” rating and lifted their price objective for the company from GBX 3,716 ($48.56) to GBX 3,745 ($48.94) in a research report on Thursday, August 30th. Credit Suisse Group reiterated an “outperform” rating on shares of Bellway in a research report on Thursday, August 23rd. Finally, UBS Group reiterated a “buy” rating and issued a GBX 4,100 ($53.57) price objective on shares of Bellway in a research report on Monday, August 13th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Bellway currently has a consensus rating of “Buy” and a consensus target price of GBX 3,916.30 ($51.17).
Bellway Company Profile (LON:BWY)
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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