Shares of Bellway plc (LON:BWY) hit a new 52-week high on Friday . The stock traded as high as GBX 3,408 ($45.20) and last traded at GBX 3,388 ($44.94), with a volume of 201,586 shares trading hands. The stock had previously closed at GBX 3,380 ($44.83).

Several analysts recently weighed in on the stock. J P Morgan Chase & Co raised their target price on shares of Bellway plc from GBX 3,400 ($45.10) to GBX 3,600 ($47.75) and gave the company an “overweight” rating in a report on Friday, September 29th. Barclays PLC reaffirmed an “overweight” rating and issued a GBX 3,631 ($48.16) target price on shares of Bellway plc in a report on Wednesday, September 27th. Peel Hunt raised their target price on shares of Bellway plc from GBX 3,435 ($45.56) to GBX 3,545 ($47.02) and gave the company an “add” rating in a report on Wednesday, September 27th. Bank of America Corporation reaffirmed an “underperform” rating and issued a GBX 2,500 ($33.16) target price on shares of Bellway plc in a report on Tuesday, September 12th. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a GBX 3,090 ($40.99) price target on shares of Bellway plc in a research note on Friday, September 1st. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of GBX 3,363.42 ($44.61).

The company’s 50-day moving average is GBX 3,178.14 and its 200 day moving average is GBX 2,996.59. The company’s market cap is GBX 4.15 billion.

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About Bellway plc

Bellway p.l.c is a holding company of the Bellway Group of companies. The Company is engaged in the building and selling of homes, ranging from one-bedroom apartments up to five-bedroom family homes, as well as providing social housing-to-housing associations. It focuses on providing traditional family housing outside of London and apartments within the London boroughs, in zone 2 and beyond.

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