Bellway plc (LON:BWY) had its target price increased by Liberum Capital from GBX 2,259 ($29.49) to GBX 3,125 ($40.79) in a report published on Friday. Liberum Capital currently has a buy rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Jefferies Group reissued a buy rating and issued a GBX 2,806 ($36.63) price target on shares of Bellway plc in a research report on Monday, June 27th. HSBC reaffirmed a buy rating and issued a GBX 3,840 ($50.12) target price on shares of Bellway plc in a report on Monday, June 27th. Beaufort Securities reaffirmed a buy rating on shares of Bellway plc in a report on Friday, June 10th. Canaccord Genuity reaffirmed a buy rating and issued a GBX 3,430 ($44.77) target price on shares of Bellway plc in a report on Thursday, June 9th. Finally, Deutsche Bank AG reaffirmed a hold rating and issued a GBX 2,736 ($35.71) target price on shares of Bellway plc in a report on Tuesday, June 28th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Bellway plc currently has a consensus rating of Buy and a consensus price target of GBX 2,738.83 ($35.75).
Bellway plc (LON:BWY) opened at 2316.00 on Friday. The stock’s market capitalization is GBX 2.84 billion. Bellway plc has a 52 week low of GBX 1,622.00 and a 52 week high of GBX 2,897.51. The company has a 50-day moving average of GBX 2,271.19 and a 200-day moving average of GBX 2,341.03.
In other Bellway plc news, insider Smith,Paul Hampden purchased 2,918 shares of the stock in a transaction dated Thursday, July 7th. The shares were acquired 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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