Several other equities research analysts also recently commented on the stock. HSBC reissued a buy rating and set a GBX 3,840 ($50.12) target price on shares of Bellway plc in a research report on Monday, June 27th. Credit Suisse Group AG reissued an outperform rating and set a GBX 2,176 ($28.40) target price (down from GBX 2,918 ($38.09)) on shares of Bellway plc in a research report on Thursday, June 30th. Liberum Capital reissued a buy rating and set a GBX 2,259 ($29.49) target price on shares of Bellway plc in a research report on Tuesday, July 5th. JPMorgan Chase & Co. decreased their target price on shares of Bellway plc from GBX 3,500 ($45.69) to GBX 2,680 ($34.98) and set an overweight rating for the company in a research report on Monday, August 15th. Finally, Barclays PLC decreased their target price on shares of Bellway plc from GBX 3,098.40 ($40.44) to GBX 2,214.60 ($28.91) and set an overweight rating for the company in a research report on Thursday, July 7th. One 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. The company currently has an average rating of Buy and a consensus price target of GBX 2,738.83 ($35.75).
Bellway plc (LON:BWY) opened at 2362.00 on Monday. Bellway plc has a 1-year low of GBX 1,622.00 and a 1-year high of GBX 2,897.51. The stock’s 50 day moving average is GBX 2,311.51 and its 200-day moving average is GBX 2,337.20. The firm’s market capitalization is GBX 2.89 billion.
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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