Bellway (BWY) Price Target Raised to GBX 3,930 at Liberum Capital

Bellway (LON:BWY) had its price objective increased by equities researchers at Liberum Capital from GBX 3,336 ($44.60) to GBX 3,930 ($52.55) in a note issued to investors on Wednesday. The firm currently has a “buy” rating on the stock. Liberum Capital’s price target would suggest a potential upside of 8.59% from the company’s previous close.

BWY has been the subject of a number of other research reports. Peel Hunt reiterated an “add” rating and set a GBX 3,545 ($47.40) price objective on shares of Bellway in a research note on Tuesday, October 17th. Barclays lowered Bellway to an “equal weight” rating and lifted their price objective for the company from GBX 3,631 ($48.55) to GBX 3,779 ($50.53) in a research note on Monday, October 30th. Jefferies Group reiterated a “buy” rating on shares of Bellway in a research note on Monday, December 18th. Deutsche Bank restated a “hold” rating on shares of Bellway in a research note on Thursday, November 23rd. Finally, JPMorgan Chase & Co. lifted their price target on Bellway from GBX 3,400 ($45.46) to GBX 3,600 ($48.13) and gave the company an “overweight” rating in a research note on Friday, September 29th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of GBX 3,586 ($47.95).

Bellway (BWY) opened at GBX 3,619 ($48.39) on Wednesday. The firm has a market capitalization of $4,460.00 and a PE ratio of 980.76. Bellway has a 52 week low of GBX 2,417 ($32.32) and a 52 week high of GBX 3,805 ($50.88).

In other news, insider Jason Honeyman sold 3,537 shares of the business’s stock in a transaction that occurred on Friday, December 22nd. The stock was sold at an average price of GBX 3,624 ($48.46), for a total transaction of £128,180.88 ($171,387.73). Also, insider Edward (Ted) Ayres sold 18,768 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of GBX 3,429 ($45.85), for a total value of £643,554.72 ($860,482.31). Over the last quarter, insiders have sold 30,117 shares of company stock valued at $104,281,200.

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About Bellway

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 (LON:BWY)

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