J P Morgan Chase & Co Raises Bellway (BWY) Price Target to GBX 4,100
Bellway (LON:BWY) had its price target hoisted by stock analysts at J P Morgan Chase & Co from GBX 3,900 ($52.49) to GBX 4,100 ($55.18) in a research note issued to investors on Thursday. The firm currently has an “overweight” rating on the stock. J P Morgan Chase & Co’s price target indicates a potential upside of 15.25% from the company’s previous close.
Several other research firms have also commented on BWY. Credit Suisse Group reiterated an “outperform” rating and set a GBX 4,168 ($56.10) price objective on shares of Bellway in a research note on Thursday, October 26th. Barclays lowered shares of Bellway to an “equal weight” rating and boosted their price objective for the stock from GBX 3,631 ($48.87) to GBX 3,779 ($50.86) in a research note on Monday, October 30th. Liberum Capital reiterated a “buy” rating and set a GBX 3,336 ($44.90) price objective on shares of Bellway in a research note on Monday. Deutsche Bank boosted their price objective on shares of Bellway from GBX 3,090 ($41.59) to GBX 3,517 ($47.34) and gave the stock a “hold” rating in a research note on Wednesday, October 18th. Finally, Citigroup reiterated a “buy” rating on shares of Bellway in a research note on Friday, October 13th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of GBX 3,536.50 ($47.60).
Shares of Bellway (BWY) opened at GBX 3,557.48 ($47.88) on Thursday. Bellway has a twelve month low of GBX 2,371.22 ($31.91) and a twelve month high of GBX 3,805 ($51.21).
In other Bellway news, insider Edward (Ted) Ayres sold 7,812 shares of the company’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of GBX 3,470 ($46.70), for a total transaction of £271,076.40 ($364,840.38).
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Bellway Company Profile
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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