Shore Capital Reaffirms Buy Rating for Bellway (BWY)
Bellway (LON:BWY)‘s stock had its “buy” rating restated by analysts at Shore Capital in a note issued to investors on Wednesday.
Other equities research analysts also recently issued reports about the stock. HSBC lifted their price target on shares of Bellway from GBX 3,870 ($50.57) to GBX 4,250 ($55.53) and gave the company a “buy” rating in a research report on Tuesday. Peel Hunt reiterated an “add” rating on shares of Bellway in a research report on Wednesday. Liberum Capital reiterated a “buy” rating on shares of Bellway in a research report on Wednesday. UBS Group reiterated a “buy” rating on shares of Bellway in a research report on Wednesday, January 2nd. Finally, JPMorgan Chase & Co. reduced their price target on shares of Bellway from GBX 4,100 ($53.57) to GBX 3,900 ($50.96) and set an “overweight” rating for the company in a research report on Thursday, March 21st. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Bellway presently has a consensus rating of “Buy” and an average target price of GBX 3,683 ($48.12).
BWY stock opened at GBX 3,008 ($39.30) on Wednesday. Bellway has a 12-month low of GBX 2,407 ($31.45) and a 12-month high of GBX 3,439 ($44.94). The company has a market cap of $3.69 billion and a PE ratio of 7.13.
Bellway Company Profile
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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