Bellway plc (LON:BWY) had its price target lifted by equities researchers at Credit Suisse Group AG from GBX 2,176 ($28.40) to GBX 2,976 ($38.85) in a report released on Friday. The firm currently has an “outperform” rating on the stock. Credit Suisse Group AG’s target price points to a potential upside of 28.22% from the stock’s current price.
Several other brokerages have also recently weighed in on BWY. Beaufort Securities reaffirmed a “buy” rating on shares of Bellway plc in a report on Friday, June 10th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 3,500 ($45.69) target price on shares of Bellway plc in a report on Monday, August 8th. Davy Research reaffirmed an “outperform” rating on shares of Bellway plc in a report on Friday, August 5th. Peel Hunt reaffirmed a “hold” rating and issued a GBX 2,990 ($39.03) target price on shares of Bellway plc in a report on Friday, August 5th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a GBX 2,649 ($34.58) target price on shares of Bellway plc in a report on Friday, September 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of GBX 2,676.97 ($34.94).
Shares of Bellway plc (LON:BWY) opened at 2363.00 on Friday. The stock has a 50 day moving average of GBX 2,248.42 and a 200 day moving average of GBX 2,341.94. The stock’s market capitalization is GBX 2.89 billion. Bellway plc has a 12-month low of GBX 1,622.00 and a 12-month high of GBX 2,897.51.
In other news, insider Smith,Paul Hampden acquired 2,918 shares of the stock in a transaction that occurred 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).
Bellway plc Company Profile
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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