Analysts Set Bellway plc (BWY) Price Target at $3,869.29
Bellway plc (LON:BWY) has received an average rating of “Buy” from the thirteen ratings firms that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is GBX 3,869.29 ($50.40).
A number of equities analysts have recently commented on BWY shares. Canaccord Genuity restated a “buy” rating and issued a GBX 4,030 ($52.49) price objective on shares of Bellway in a report on Tuesday, June 12th. Liberum Capital restated a “buy” rating on shares of Bellway in a report on Friday, June 22nd. Barclays cut their price objective on Bellway from GBX 3,584 ($46.68) to GBX 3,390 ($44.16) and set an “equal weight” rating on the stock in a report on Wednesday, September 12th. Peel Hunt restated a “buy” rating on shares of Bellway in a report on Wednesday, August 8th. Finally, JPMorgan Chase & Co. restated an “overweight” rating on shares of Bellway in a report on Wednesday, June 13th.
Shares of LON:BWY opened at GBX 3,016.64 ($39.29) on Friday. Bellway has a 12-month low of GBX 2,654 ($34.57) and a 12-month high of GBX 3,805 ($49.56).
Bellway p.l.c., together with its subsidiaries, engages in the house building business in the United Kingdom. It builds and sells homes ranging from one-bedroom apartments to six-bedroom family homes, as well as provides social housing to housing associations. It owns and controls 37,855 plots of land.
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