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).

TRADEMARK VIOLATION NOTICE: “J P Morgan Chase & Co Raises Bellway (BWY) Price Target to GBX 4,100” was first posted by Watch List News and is the property of of Watch List News. If you are viewing this news story on another publication, it was stolen and reposted in violation of United States and international trademark and copyright law. The original version of this news story can be viewed at https://www.watchlistnews.com/j-p-morgan-chase-co-raises-bellway-bwy-price-target-to-gbx-4100/1762551.html.

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.

Analyst Recommendations for Bellway (LON:BWY)

Receive News & Ratings for Bellway Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bellway and related companies with MarketBeat.com's FREE daily email newsletter.