Bank of America Corporation Reaffirms “Underperform” Rating for Bellway plc (BWY)

Bank of America Corporation reaffirmed their underperform rating on shares of Bellway plc (LON:BWY) in a research note published on Tuesday morning, Marketbeat Ratings reports. The firm currently has a GBX 2,500 ($32.29) price objective on the stock.

A number of other brokerages have also issued reports on BWY. Deutsche Bank AG reissued a hold rating and set a GBX 3,090 ($39.91) target price on shares of Bellway plc in a research note on Friday, September 1st. Peel Hunt boosted their target price on shares of Bellway plc from GBX 3,145 ($40.62) to GBX 3,435 ($44.36) and gave the company an add rating in a research note on Wednesday, June 14th. Shore Capital reissued a hold rating on shares of Bellway plc in a research note on Wednesday, June 14th. Liberum Capital reissued a buy rating on shares of Bellway plc in a research note on Tuesday, August 8th. Finally, Jefferies Group LLC boosted their target price on shares of Bellway plc from GBX 3,447 ($44.52) to GBX 3,934 ($50.81) and gave the company a buy rating in a research note on Monday, June 26th. One investment 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’s stock. Bellway plc has a consensus rating of Buy and an average price target of GBX 3,311.62 ($42.77).

Bellway plc (BWY) opened at 2972.00 on Tuesday. The firm has a 50-day moving average of GBX 3,172.86 and a 200 day moving average of GBX 2,944.62. Bellway plc has a one year low of GBX 2,197.00 and a one year high of GBX 3,280.00. The company’s market capitalization is GBX 3.64 billion.

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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.

Analyst Recommendations for Bellway plc (LON:BWY)

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