Brokerages Set Bellway plc (BWY) Price Target at $3,652.13
Bellway plc (LON:BWY) has received a consensus recommendation of “Buy” from the thirteen brokerages that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is GBX 3,652.13 ($50.46).
Several research analysts have recently issued reports on the stock. Liberum Capital reaffirmed a “buy” rating and issued a GBX 3,930 ($54.30) target price on shares of Bellway in a research note on Monday, February 5th. Peel Hunt reaffirmed an “add” rating and issued a GBX 3,545 ($48.98) target price on shares of Bellway in a research note on Tuesday, October 17th. Barclays lowered shares of Bellway to an “equal weight” rating and raised their target price for the company from GBX 3,631 ($50.17) to GBX 3,779 ($52.21) in a research note on Monday, October 30th. Jefferies Group reaffirmed a “buy” rating on shares of Bellway in a research note on Monday, December 18th. Finally, Deutsche Bank reaffirmed a “hold” rating on shares of Bellway in a research note on Thursday, November 23rd.
Shares of Bellway (LON:BWY) traded down GBX 20 ($0.28) during midday trading on Friday, hitting GBX 3,100 ($42.83). 537,487 shares of the stock traded hands, compared to its average volume of 388,163. The company has a market cap of $3,810.00 and a price-to-earnings ratio of 840.11. Bellway has a one year low of GBX 2,542 ($35.12) and a one year high of GBX 3,805 ($52.57).
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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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