Bellway plc (BWY) Stock Rating Reaffirmed by Shore Capital

Bellway plc (LON:BWY)‘s stock had its “buy” rating reaffirmed by equities researchers at Shore Capital in a report issued on Tuesday.

A number of other research firms have also recently issued reports on BWY. Deutsche Bank AG reissued a “hold” rating and issued a GBX 2,950 ($36.43) target price on shares of Bellway plc in a research note on Monday, January 16th. Peel Hunt cut Bellway plc to a “hold” rating and reduced their price objective for the stock from GBX 3,000 ($37.05) to GBX 2,900 ($35.82) in a research report on Monday, January 9th. Canaccord Genuity upped their price objective on Bellway plc from GBX 2,780 ($34.33) to GBX 2,840 ($35.07) and gave the stock a “buy” rating in a research report on Wednesday, February 8th. HSBC Holdings plc reaffirmed a “buy” rating and set a GBX 3,745 ($46.25) price objective on shares of Bellway plc in a research report on Wednesday, February 8th. Finally, Liberum Capital reaffirmed a “buy” rating and set a GBX 2,780 ($34.33) price objective on shares of Bellway plc in a research report on Tuesday, February 7th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of GBX 2,785.38 ($34.40).

Analyst Recommendations for Bellway plc (LON:BWY)

Shares of Bellway plc (LON:BWY) opened at 2917.00 on Tuesday. Bellway plc has a 12-month low of GBX 1,622.00 and a 12-month high of GBX 2,920.00. The firm’s market cap is GBX 3.57 billion. The firm has a 50-day moving average price of GBX 2,637.17 and a 200-day moving average price of GBX 2,469.78.

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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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