Bellway plc (LON:BWY)‘s stock had its “buy” rating reaffirmed by research analysts at Canaccord Genuity in a note issued to investors on Tuesday. They presently have a GBX 2,350 ($30.67) price target on the stock. Canaccord Genuity’s target price suggests a potential downside of 1.14% from the company’s current price.
Other research analysts have also recently issued reports about the stock. Jefferies Group reaffirmed a “buy” rating and set a GBX 2,806 ($36.63) price target on shares of Bellway plc in a research report on Monday, June 27th. HSBC reiterated a “buy” rating and set a GBX 3,840 ($50.12) price objective on shares of Bellway plc in a research note on Monday, June 27th. Beaufort Securities reiterated a “buy” rating on shares of Bellway plc in a research note on Friday, June 10th. Liberum Capital reiterated a “buy” rating and set a GBX 2,259 ($29.49) price objective on shares of Bellway plc in a research note on Tuesday, July 5th. Finally, Deutsche Bank AG reiterated a “hold” rating and set a GBX 2,736 ($35.71) price objective on shares of Bellway plc in a research note on Tuesday, June 28th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of GBX 2,738.83 ($35.75).
Bellway plc (LON:BWY) opened at 2425.00 on Tuesday. The firm’s market cap is GBX 2.97 billion. Bellway plc has a one year low of GBX 1,622.00 and a one year high of GBX 2,897.51. The stock has a 50 day moving average of GBX 2,302.31 and a 200 day moving average of GBX 2,338.49.
In other Bellway plc news, insider Smith,Paul Hampden purchased 2,918 shares of the company’s stock in a transaction on Thursday, July 7th. The shares were purchased at an average cost of GBX 1,713 ($22.36) per share, for a total transaction of £49,985.34 ($65,246.50).
About Bellway plc
Bellway p.l.c. is a United Kingdom-based holding company, owning subsidiary undertakings, which is engaged principally in housebuilding in the United Kingdom. The Company provides a range of house types, including one, two and three bedroom apartments; terraced homes; three storey homes; semi-detached homes, and three, four and five-bedroom detached homes.
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