Bellway plc (BWY) Rating Reiterated by Bank of America Corporation

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.

ILLEGAL ACTIVITY NOTICE: “Bellway plc (BWY) Rating Reiterated by Bank of America Corporation” was originally reported by Markets Daily and is the property of of Markets Daily. If you are viewing this news story on another site, it was illegally copied and republished in violation of international copyright law. The legal version of this news story can be viewed at https://www.themarketsdaily.com/2017/09/12/bellway-plc-bwy-rating-reiterated-by-bank-of-america-corporation.html.

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.

Analyst Recommendations for Bellway plc (LON:BWY)

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

Latest News

Leave a Reply