Bellway plc (LON:BWY)‘s stock had its “underperform” rating reissued by investment analysts at Bank of America Corporation in a research note issued to investors on Tuesday. They presently have a GBX 2,500 ($32.29) price objective on the stock. Bank of America Corporation’s price objective points to a potential downside of 20.99% from the company’s previous close.
A number of other brokerages also recently issued reports on BWY. Deutsche Bank AG reissued a “hold” rating and set a GBX 3,090 ($39.91) price objective on shares of Bellway plc in a research report on Friday, September 1st. Liberum Capital reissued a “buy” rating on shares of Bellway plc in a research report on Tuesday, August 8th. Credit Suisse Group boosted their price objective on shares of Bellway plc from GBX 2,976 ($38.43) to GBX 3,545 ($45.78) and gave the company an “outperform” rating in a research report on Tuesday, July 11th. J P Morgan Chase & Co reissued an “overweight” rating and set a GBX 3,400 ($43.91) price objective on shares of Bellway plc in a research report on Friday, July 7th. Finally, Beaufort Securities reissued a “buy” rating on shares of Bellway plc in a research report on Thursday, June 15th. One analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of GBX 3,311.62 ($42.77).
Bellway plc (LON:BWY) opened at 3126.00 on Tuesday. Bellway plc has a 52 week low of GBX 2,197.00 and a 52 week high of GBX 3,280.00. The company’s 50-day moving average is GBX 3,176.19 and its 200 day moving average is GBX 2,936.47. The company’s market capitalization is GBX 3.83 billion.
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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